ALGO - You Decide => We Follow!

ALGO is currently stuck inside this green range. NOW WHAT?

Here are the two scenarios where I will be looking for high probability buy setups:
I call them War Zones.

Scenario 1 - Purple : (Lower Zone Retest - 0.900)

I will be waiting for ALGO to retest the lower bound of the range (projection in red) to look for buy setups on lower timeframes.

Scenario 2 - Orange : (Upper Zone Break & Retest - 1.900)

Or if ALGO breaks above the upper bound of the range (projection in blue), then I will be looking for buy setups on its retest.

As per my trading style:
As ALGO approaches one of the circles, (orange or purple) I will be looking for reversal buy setups (like a double bottom pattern, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

What do you think? Which scenario is more likely to happen?

All Strategies Are Good; If Managed Properly!
~Rich