M15 & H1 Intraday Key Levels| Bullish ( Mid London Shift)
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the h1 time frame may carry on the bearish structure. As a result, the price trades below the key resistance at 1.15481 on h1. Meanwhile the m15 follows the higher time frame h1 bearish structure, as the price established the character shift towards the bearish side, while trading below the last resistance at 1.15525 on m15. As a result price established the fresh resistance at 1.15506 on m15. In addition, if price closes below 1.15242 on h1 and m15 both the time frame. As a result, the price would confirm the fresh resistance on both the time frame, 1.15383 – 1.15397 on m15 and h1 both the time frame.
Resistance Zones
M15 Resistance Zone
1.15506 – 1.15524
Fresh Supply Zone
Short Term Key Resistance Area
H1 Resistance Zone
1.15453 – 1.15486
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.14758 – 1.14732
Pending Demand Zone
Short Term Key Support Region
H1 Support Zone
1.14885 – 1.14875
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 the price trades below the key resistance zone at 1.15486 on h1. Therefore, reclaiming the 1.15486 on h1 time frame. As a result, price may confirm the character shift towards the bullish side, while establishing the fresh support zone at 1.15430 – 1.15356 on h1. On the other hand, a decisive close above, 1.15525 on m15, may validate change of character towards the bullish side. As a result, price would set up the fresh support at 1.15365 – 1.15343 on m15.
Nyc Session Update
Although the h1 time frame confirmed change of character towards the bullish side, as the price closes above the the last resistance at 1.15486 on h1. Meanwhile, the price established fresh support at 1.15297 on h1. In addition, the follows higher time frame h1 bullish structure, as the price closes above 1.15525 and confirmed the character shift towards the bullish side, while setting up the fresh support at 1.15365 on m15.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.15365 – 1.15343
Fresh Demand Zone
Short Term Key Support Region
H1 Support Zone
1.15297 – 1.15242
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.15956 – 1.16050
Pending Supply Zone
Short Term Key Resistance Area
H1 Resistance Zone
1.17111 – 1.17133
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue the bullish price structure on h1 time frame, as the price trades above the key support zone at 1.15242 on h1. Therefore, a close below 1.15242 on h1 time frame. As a result, price may confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 1.15594 – 1.15715 on h1. On the other hand, if price closes, 1.15242 on m15, may validate change of character towards the bearish side. As a result, price would set up the fresh resistance at 1.15343 – 1.15365 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.