(1b) I am targeting 1263 for a take profit. This is the level from Mar 14 to Nov 14 and also the level from Jul 14 to Nov 14. Confluence of retracement levels always bring about better probabilities.
(2a) Also to note, the 60 level has acted as resistance in prior months, this behaviour is often linked to markets. This level has been taken out. An alternative take profit level could be when hits resistance at 73.8