Potential Long 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, currently price pull backs from the high for the last 5 days.

Trade Plan:
If price continue pull back to the confluences of support area around 0.73146 - 0.73451 (Daily Support Area, Fibo Ret 61.8%, MA200) and rejected up, long the market to follow the overall uptrend.
With Stop Loss 45 pips and minimum Target Profit 110 pips, the potential trade offers a minimum 2.44 Reward-to-Risk Ratio.
As an alternative, can utilize a trailing stop once price breaks down MA20-MA50 in M15.