Joe's Gun2Head Trade - Lower prices expected in NZDUSD

The price has broken out of a channel pattern to the downside, which to me indicates we will see lower prices.
We have rallied to a 50% Fibonacci level on the 60min chart, therefore I am looking for a trip back to the recent lows.
Entry: 0.6819
Stop: 0.6838
Target: 0.6754