M15 & H1 Intraday Key Levels| Bullish Bias (mid London shift)
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price may extend its further bearish momentum on h1 time frame, as long as the price trades below key resistance zone 1.32823. In addition, the m15 time frame trades in bullish price structure, as the price trades above last support at 1.31597 at m15 time frame. Meanwhile the price hasn’t established any fresh support on m15 time frame. On the other hand, the price hasn’t established any fresh resistance on h1 time frame. Moreover, a decisive close above 1.32646 on m15, may confirm the fresh support at 1.31877 – 1.31728 on m15.
Resistance Zones
M15 Resistance Zone
1.32754 – 1.32772
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.32728 – 1.32824
Pending Supply Area
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price continues its bullish momentum on m15 time frame. Meanwhile the price hasn’t established any fresh demand area on m15. Therefore awaiting for the new structure.
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the price may continue the bearish price structure on h1 time frame, until price holds the last resistance at 1.32823 on h1. In addition, a break above 1.32823 on h1 time frame would establish change of character towards the bullish side. As a result the price would form the fresh support at 1.32382 – 1.32329 on h1. On the other hand, if price looses 1.31597 on m15. As a result the price may confirm the character shift towards the bearish side, while establishing the fresh resistance at 1.31755 – 1.31797 on m15.
Nyc Session Outlook
Although the h1 time frame shifted its character during the mid london session from bearish to bullish side, by giving the decisive close above 1.32824 on h1. As a result, price established the fresh support at 1.32380 on h1. Meanwhile the m15 time frame forming the higher high and higher low, while establishing the fresh support at 1.32818.
Key Support & Resistance Zone
M15 Support Zone
1.32818 – 1.32780
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.32380 – 1.32329
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zone
M15\H1 Resistance Zone
1.33431 – 1.33475
Pending Supply Zone
Short Term Intraday Resistance Area
Session Strategy
Although the price is likely to continue the further bullish momentum, until 1.31600 remain intact on h1 time frame. In addition, a break below 1.31600 on h1 time frame would establish change of character towards the bearish side. As a result the price would form the fresh resistance at 1.32329 – 1.32382 on h1. On the other hand, if price looses 1.32780 on m15. As a result the price may confirm the character shift towards the bearish side, while establishing the fresh resistance at 1.33000 – 1.33010 on m15.
Key Takeways
Trend: Bullish (mid London shift)
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.