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 may extend its upside momentum. As a result, the price trades above the key support zone at 69.04877 on h1. Meanwhile the price has established fresh support at 69.92192 – 69.04877 on h1. On the other hand, the m15 time frame follows the broader time frame bullish structure, as the buyers are defending last support area at 69.04877 on m15 time frame, while establishing the fresh support at 69.58609 – 69.04877 on m15.
Support Zones
M15 Support Zone
69.58609 – 69.04877
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
69.92192 – 69.04877
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
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 is likely to continue the bullish price structure on h1 time frame. As a result, the price trades above the key support zone at 69.04877. Therefore, a break below 69.04877 on h1, may indicate the character shift towards the bearish side. As a result, price would confirm the fresh resistance at 71.35478 – 71.75777 on h1. In addition, a decisive close 69.04877 on m15, would confirm the change of character on m15 time frame. As a result, price may form the fresh resistance at 71.35478 – 71.75777 on m15. Moreover, a close above 73.48168 on m15 time frame, would indicate the continuation of bullish price structure, while establishing the fresh support at 71.60618 – 71.57517.
Nyc Session Outlook
Although the price may continue the bullish price momentum, as the price trades above the key support zone at 69.04877. Meanwhile the price hasn’t established any fresh support on m15 and h1 both the time frame. Therefore the higher time frame h1 support would remain valid at 69.92192 – 69.04877. Moreover, a break above 73.48123 on h1, may confirm the continuation of bullish momentum, while forming the fresh support at 72.15031 – 71.60059 on h1, 71.60114 on m15 time frame.
Key Support & Resistance Zone
M15 Support Zone
69.58609 – 69.04877
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
69.92192 – 69.04877
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
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 may continue the further upside momentum, as the price holds the 69.04877 on h1 time frame. In addition, a break below 69.04877 on h1, may indicate the character shift towards the bearish side. As a result, price would confirm the fresh resistance at 71.35478 – 71.75777 on h1. In addition, a decisive close below 69.04877 on m15, would confirm the change of character on m15 time frame. As a result, price may form the fresh resistance at 71.35478 – 71.75777 on m15. Therefore, 69.04877 remains intact on h1 time frame, the upside momentum 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.