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 continue to trade in bearish price structure on h1 time frame. Meanwhile the m15 structure follows the broader time frame bearish momentum while trading below the last resistance at 76.40772 on m15 and h1 both the time frame. In addition the m15 time frame hasn’t established any fresh resistance on m15 time frame. On the other hand, the h1 structure hasn’t set up any fresh supply zone on h1 time frame. Therefore, the higher time supply zone would remain valid at 75.13780 on h1.
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
75.13780 – 75.62755
Pending supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price is likely to continue the bearish price structure on h1 time frame, as long as the price holds the last resistance at 76.40772 on h1. Therefore a decisive close above 76.40772 on h1. As a result, price may validate the character shift towards the bullish side, while setting up the fresh demand at 75.62755 – 75.13780 on h1. On the other hand, reclaiming 76.40772 on m15, would establish the change of character towards the bullish side on m15 . As a result, price would form the fresh support at 75.85158 – 75.71452 on m15. Moreover, a break below 69.57811 on h1, would indicate the continuation of downside momentum, while establishing the fresh resistance at 72.68861 – 73.12088 on h1
Nyc Session Update
Although h1 confirmed the change of character on h1 time frame, as the price closes above 73.11469 on h1. As a result the price confirmed the fresh support at 71.67187 on h1. On the other hand, the price established fresh support at 71.83631 on m15.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
71.83631 – 71.73102
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
71.67187 – 71.55366
Pending demand Zone
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
75.13780 – 75.62755
Pending supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue to favor the buyers on h1 time frame, until the price holds the last support at 71.19401. However, a decisive close below 71.19401 on h1. As a result, price may confirm the character shift towards the downside, while setting up the fresh supply zone at 72.68921 – 73.11039 on h1. On the other hand, if price looses 71.73102 on m15, would establish the change of character towards the bearish side on m15 . As a result, price would establish the fresh resistance at 72.77344 – 73.17356 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.