Sell below 1.2354. Stop loss at 1.2385. Take profit at 1.2295.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.2354 ( , horizontal overlap resistance, ) and a strong reaction could occur at this level to push prices down all the way to 1.2295 support ( , horizontal overlap support).
(34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.