M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price trades in bullish structure on h1 time frame, as the price holds the last support at 64.65904. On the other hand, the m15 time trades in bullish structure. As a result, the price closes above the last resistance at 68.08257. Meanwhile the price hasn’t established any fresh support on h1 and m15time frame. Moreover, a decisive close above 70.78971 on h1 time frame, then the price may confirm the fresh support at 66.72345 on h1. Therefore awaiting for the new structure.
Support Zones
M15 Support Zone
66.53487 – 66.37754
Fresh Demand Zone
Short Term Intraday Support Area
H1 Support Zone
65.34084 – 64.65904
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
71.60296 – 71.72807
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
73.10434 – 73.64651
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the buyers are dominating the h1 higher time frame bias, while defending last support at 64.65904 on h1 time frame.. However, a close below 64.65904 on h1 time frame. As a result the price may establish character shift towards the bearish side, and may confirm the fresh resistance on h1 time frame. In addition, if price looses 69.18327 on m15 time frame. As a result the price could establish the change of character towards bearish side on m15 time frame, while forming the fresh resistance at 69.82535. Until 64.65904 remains intact, the buyers would remain dominating the price.
Nyc session Outlook
Although the buyers are dominating the price on h1. Meanwhile the m15 and h1 time frame hasn’t established any fresh support during the mid london. In addition the fresh support on m15 time frame would remain at 66.54011. Meanwhile the h1 support would remain at 65.31076
Key Support & Resistance Zone
Support Zone
M15 Support Zone
66.53487 – 66.37754
Pending Demand Zone
Short Term Intraday Support Area
H1 Support Zone
65.34084 – 64.65904
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zone
M15 Resistance Zone
71.60296 – 71.72807
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
73.10434 – 73.64651
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the higher time frame bias favors the buyers, while defending last support at 64.65904 on h1 time frame.. However, a close below 64.65904 on h1 time frame. As a result the price may establish character shift towards the bearish side, and may confirm the fresh resistance on h1 time frame. In addition, if price looses 69.18327 on m15 time frame. As a result the price could establish the change of character on m15 time frame, while forming the fresh resistance at 69.82535. Until 69.18327 remains intact on m15, upside momentum remains intact.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.