the purple zone has the potential to increase price

The chart is in a powerful uptrend. from the chart, it's quite clear that the RED LINE which is a broken resistance turned to very reliable support. so we expect an upward movement to the YELLOW LINE.
We have to take into account that the price is likely to go down to the GREENLINE as well. so we should consider some pips below the green line as our SL.
if the price breaks the green line we will follow the dashed arrow.

good luck...