As long as this gets past the resistance, I’d set the target as the distance between the bottom of the flag and where the rally started.
Any thoughts?
I have traded from the breakout of the flag. Many people wait until it passes the last high, ie the pole - what is the benefit of that?
There is a fear in some traders that if they trade below the high, and they are in a long position, that it might hit the high and reverse. As a result, at times you might see some momentum build up after the price has sufficiently broken a high.
I trade the same way. I want to make sure there is as little resistance as possible in the way of my trades, and keeping mind of higher highs and lower lows is one of the ways I do that.
Well, the trade didn’t work out quite as planned, reversed at the resistance line 
…though I got a few pips and traded the reversal.