CHFJPY Engulf

We can see in yellow candle, its a bullish engulfing signal which I program in Pine. In this signal there is a potentially position to open, with the scenario based on Fibonacci Retracement .

Scenario
OP : 112.370 - 112.468 (38-50) percent
SL : 112.054 (0) percent
TP : 113.394 (168) percent