Attached is an image of a cypher pattern setting up on the USDJPY hourly.
Details are in the image, but to recap:
Entry is between 119.467 and 119.335. Up to you how deep you think it will dive.
Stoploss is below X (indicated in the image). I'm putting mine around the 119.170's.
Target 1: 38.2% retracement of ...