Target 3: Target 2 has now been achieved, the resistance line has been surpassed and is now the support line. A new resistance line has been created. A engulfing candlestick has also been identified which meets my basic requirements.
Entry = 0.5114 Stop Order =0.5117 Target (1%)= 0.5171
As the trend is fairly stable at the moment a target of 1% seems fairly sensible.