Bullish trade in a Descending Triangle!

So the overall formation visible especially on the Monthly is a descending triangle. We are not interested in completion of this formation because the completion and breakout may only happen some time next year 2020 or even later. What caught our attention here is the bottom boundary of the formation which has been acting as a very good support zone since January. On the weekly we had a protracted downfall in price since 11 November with virtually no rest at all. This completed an M-Formation on that timeframe and we know that for every M-Formation completed we should get a retracement of some sort,that's what our trade is based on. The ultimate target of the trade is the neckine of the M-Formation which is the area shaded blue. The weekly candle ended with an inverted hammer adding to our confluence for a bullish week next week. We open 3 equal positions to achieve our goal.

Entry: 1.0424 ( 3 positions)
SL: 1.0348 (below 2 strong levels,1.0375 and 1.0350)
TP1: 1.0497
TP2: 1.0598
TP3: 1.0680 (the M-Formation neckline,blue area)

NB: Position sizing is critical esp for long term trades!