Place SL at the top of the correction, so price doesn't take you out.
TP giving us a good amount of pips of 202 Pips.
Also watch out for second trendline breakout it may give a false breakout which could go to the upside and make another touch on the outer trendline.
If we see a good confirmed solid breakout we could get into the trade or just wait for the next correction and that would be the safer option to get in.