Note: This is all in intraday terms; in other words, the sentiment of the market for the next few hours ~ maybe a day.
FxTyrant isn't wrong about seeing 1.230 soon, but you have to remember that he has a massive account compared to most people here-in other words, he can simply wait it out. Normal retail traders who want to make a quick buck are better off doing one of three things:
1: Take a small short at the 1.2450 with plenty of margin
2: Wait it out until higher prices arrive.
3: Take a large short at the trendline resistance (good chance of being stopped out, though)