Eurchf short opportunity

Eurchf was on a channel for a while. The market has recently broken the channel and we can expect a big move to the downside. Right now the market is extended to the downside so not a good opportunity for short. Waiting for the market to go test at least 0.38 or possibly 0.5 or maybe even 0.618 fibo retracements on daily chart and sell from there or the market can also continue to the downside without a retracement but a retracement will be best. look at 4H for an entry. Take profit will be 1.06300.