This is an idea about USDJPY, 1Day.
The wave iv (Shown by Orange-line) was completed.
The sub-wave of wave iv was "Expanded Flat".
Because Sub-wave A of wave iv is 3waves Regular Flat. and Sub-wave B of wave iv is 3waves Zigzag. and Sub-wave C of wave iv is 5waves Impulse.
Additionally ...
Sub-Wave B of "Expanded Flat" tends to extend 1.236-1.382 times Sub-wave A. and Sub-wave C of "Expanded Flat" tends to extend 1.618 times Sub-wave A.
Subwaves (a-b-c) is true for the definition of "Expanded Flat".
If the assumption is correct,
We are on sub-wave ii of Wave v (Orange).
probably, the orange wave is an impulse where the Fifth wave extended.
In this scenario, the stop loss level is 112.500.
The wave iv (Shown by Orange-line) was completed.
The sub-wave of wave iv was "Expanded Flat".
Because Sub-wave A of wave iv is 3waves Regular Flat. and Sub-wave B of wave iv is 3waves Zigzag. and Sub-wave C of wave iv is 5waves Impulse.
Additionally ...
Sub-Wave B of "Expanded Flat" tends to extend 1.236-1.382 times Sub-wave A. and Sub-wave C of "Expanded Flat" tends to extend 1.618 times Sub-wave A.
Subwaves (a-b-c) is true for the definition of "Expanded Flat".
If the assumption is correct,
We are on sub-wave ii of Wave v (Orange).
probably, the orange wave is an impulse where the Fifth wave extended.
In this scenario, the stop loss level is 112.500.