There're a couple of trade-ideas within this chart. 1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade. 2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup. 3. A trading opportunity can also develop within the consolidation area as a bat pattern setup.
Personally I prefer setup(1) and (3) let see what does the market give us.