M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the structure favors the buyers on h1 time frame. In addition the m15 time frame follow the broader time frame bullish structure. Meanwhile the price is making higher high and higher low on m15 time frame. Therefore holding the last support at 66.03366 on h1. In addition the price established fresh support on m15 time frame at 71.33707. Moreover, a break above 74.57314 on h1. As a result the price may confirm the fresh support on h1 time frame. As long as the price holds 66.03366 on h1 time frame, the bullish structure remains intact.
Support Zones
M15 Support Zone
71.33707 – 71.11349
Fresh Demand Area
Short Term Intraday Support Area
H1 Support Zone
68.45616 – 67.71888
Fresh Demand Area
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
77.48696 – 77.89698
Pending Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the buyers are controlling the higher time frame bias. Meanwhile holding the last support at 66.03366 on h1 time frame. In addition, a decisive close below 66.03366 on h1. As a result the price could confirm the character shift towards the bearish side while establishing the fresh resistance at 70.05191. On the other hand, if price looses 71.11349 on m15 time frame. As a result, the could confirm the change of character, while forming the fresh resistance at 71.49211. Until 66.03366 remains intact on h1 time frame, the buyers continue to dominate the price.
Nyc Session Outlook
Although the price may continue to trade in bullish structure. Meanwhile holding the last support at 66.03366 on h1. In addition the price hasn’t established any fresh demand zone on any time frame. Therefore the pending demand zones on both the time frame would remain valid.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
71.33707 – 71.11349
Fresh Demand Area
Short Term Intraday Support Area
H1 Support Zone
68.45616 – 67.71888
Fresh Demand Area
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
77.48696 – 77.89698
Pending Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price could continue to trade in bullish structure, as long as the price holds the last support at 66.03366 on h1. In addition, a break below 66.03366, may confirm the character shift on h1. As a result establishing the fresh resistance at 70.05191. Moreover, a closing below 71.11349 on m15 time frame. As a result, the could confirm the change of character, while forming the fresh resistance at 71.49211. Until 71.11349 remains intact, the bullish may continues.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
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.