Potential Short Position for NZD/USD_Trade Plan 2017.08.03

Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level

D1 and H4 are both show the overall trend is still up with price holding above MA200.
However, in H1, yesterday price breaks down both support area 0.74562 - 0.74654 and MA200, re-test it, and rejected down.
Currently, price also continues breaking down the nearest support area 0.74028 - 0.74141.

Trade Plan:
If price bounce back to this area (which confluencing with the nearest down trendline) and rejected down, short the market to follow the short term down trend.
With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Reward-to-Risk Ratio.