NZDJPY had an aggressive sell on Dec 2018 from 1 to 2 it took 20 candles and it went down for almost 960 pips strong bearish candles and only few bullish candles in 2019 this pair was in retracement mode from 2 to 3 it took 23 candles to rise 670 pips very weak bull candles and many bearish candles this is telling us that sellers are still in control of market and they will push the price down finally it made a tight rising wedge to the 61% fibo level 6 Feb 2018 it printed a nice bearish breakout candles that engulfs 7 previous candles a sell stop few pips below the minor support 74.400 will be perfect for entry stop loss is above the 61% fibo level first target will be last low which gives 1.4 R on this trade second target will be 69.100 which is 6 years low