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 continue to trade in bullish structure on h1 time frame. Meanwhile the m15 structure follows the higher time frame h1 bullish price structure, as the price trades above the key demand zone at 1.31777 on m15 time frame and the h1 trades above key support at 1.31822 on h1 time frame. Therefore, a break below 1.31822 on h1, the price would validate the character shift towards the downside momentum. As a result the price may set up the fresh resistance on h1 time frame. Moreover, a close below 1.31777 on m15 time frame, may confirm the character shift towards the bearish side.
Support Zones
M15 Support Zone
1.31919 – 1.31892
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.33126 – 1.33202
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.34288 – 1.34364
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bullish price structure on h1 time frame, as the price holds the last key support at 1.31822. Therefore, if price looses 1.31822 on h1 time frame. As a result, price may confirm the change of character towards the downside on h1 time frame, as the price would set up the fresh resistance at 1.32436 – 1.32513 on h1 time frame. Moreover, a decisive close below 1.31777 on m15 time frame, the price would validate the character shift towards the bearish side. As a result, would confirm the fresh resistance at 1.31892 – 1.31919 on m15. In addition, until 131822 remains intact on h1, the bullish momentum may continue.
Nyc Session Update
Although the price may carry on the bullish price structure on h1 time frame, as the price trades above the last support at 1.31822. Meanwhile the price hasn’t established any fresh demand zone on h1 time frame. Moreover, the price set up fresh demand on m15 time frame at 1.32070. However, a close above 1.33466 on h1 time frame, may validate the fresh support on h1 time frame. Therefore, as long as the price holds 131822 on h1, the bullish momentum may continue.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.32070 – 1.32049
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.33126 – 1.33202
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.34288 – 1.34364
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue its upside momentum on h1 time frame, as the price holds the last key demand zone at 1.31822. In addition, a break below 1.31822 on h1 time frame. As a result, price would confirm the change of character towards the bearish side on h1 time frame, as the price would form the fresh resistance at 1.32436 – 1.32513 on h1 time frame. On the other hand, if price looses 1.32049 on m15 time frame, the price may validate the character shift towards the downside. As a result, may confirm the fresh resistance at 1.32143 – 1.32183 on m15.
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.