M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the h1 time frame trades in the bullish price structure. As a result, price closes above 1.15213 and established the change of character towards the bullish side. As a result the price established fresh support at 1.15524 – 1.15499 on h1. Meanwhile the m15 time frame follows the broader time frame bullish price structure, as the price formed the fresh support at 1.15527 – 1.15499. Moreover, a close above 1.15787 on m15, would extend the further upside momentum. As a result, the price may establish the fresh support at 1.15568 – 1.15549 on m15.
Support Zones
M15 Support Zone
1.15527 – 1.15499
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15524 – 1.15499
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.15806 – 1.15834
Pending Supply Area
Key Resistance Zone
H1 Resistance Zone
1.16231 – 1.16302
Pending Supply Zone
Higher Time frame Resistance Region
Session Strategy
Although the price is likely to continue the bullish, as the buyers are defending the last support area at 1.15499 on h1. Meanwhile, a decisive close below 1.15499, would indicate the change of character towards the bearish side. As a result, the price may establish the fresh resistance at 1.15588 – 1.15633 on h1. On the other hand, a break below 1.15499 on m15 time frame. As a result, the price may confirm the character shift towards the bearish side, while forming the fresh resistance at 1.15588 – 1.15633 on m15 time frame. Until the price holds the last support at 1.15499 on m15 and h1 both the time frame, the further bullish momentum may continue.
Nyc Session Update
Although the h1 trades in bullish structure, while trading above the last support at 1.15499 on h1. In addition, the price hasn’t established any fresh support on h1 time frame. On the other hand, the m15 time frame forming the higher high and higher low, while establishing the fresh support at 1.15569 on m15
Key Support & Resistance Zone
M15 Support Zone
1.15569 – 1.15550
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15524 – 1.15499
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.15806 – 1.15834
Pending Supply Area
Key Resistance Zone
H1 Resistance Zone
1.16231 – 1.16302
Pending Supply Zone
Higher Time frame Resistance Region
Session Strategy
Although the price may continue the bullish momentum on h1 time frame, until 1.15499 remains intact on h1. Meanwhile, a decisive close below 1.15499, would indicate the change of character towards the bearish side. As a result, the price may establish the fresh resistance at 1.15588 – 1.15633 on h1. On the other hand, a break below 1.15550 on m15 time frame. As a result, the price may confirm the character shift towards the bearish side, while forming the fresh resistance at 1.15765 – 1.15786 on m15 time frame.
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.