Short opportunity on EURCHF

We've seen a strong rejection from the upside and it looks like we might be starting a new downtrend on this pair. The first impulse wave has completed. I'm waiting for a correction wave two, where I will place my entry near the 38.2/50/61.8 fib levels before price sells off lower in the third wave. First fib extension target is 1.0 and the second target is 1.618.