small engulfing pattern day trade

FX:AUDJPY   Australian Dollar / Japanese Yen
23 1 1
If the current daily candle in the red box confirms then its a nice little set up but 1to1 risk reward. Target is conservative but could be slightly extended to the grey line which is a 50% retracement of the last move down, I like to be conservative and insure targets get hit. See link as per last engulfing trade ( NZDUSD             )
didnt close as an engulfing candle, so no trade here.
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