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 extend its bullish momentum, as the price trades above the key support zone at 71.19401 on h1. Meanwhile the price hasn’t established any fresh support or demand zone on h1 time frame. On the other hand, the m15 time frame follows the broader time frame bullish structure. However, the price hasn’t established any fresh demand zone on m15 time frame, as the price trades above the last support zone at 71.72231. In addition, previous demand zone are already tapped by the price. Therefore awaiting for the new structure.
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to continue the bullish momentum on h1 time frame, as the price trades above the last support at 71.19401 on h1. Therefore, if price looses 71.19401 on h1 time frame. As a result, price would validate the change of character towards the bearish side on h1 time frame, while establishing the fresh resistance at 72.68921 – 73.11039 on h1. On the other hand, a break below 71.72231 on m15, may confirm the character shift towards the downside. As a result, price would confirm the fresh resistance at 72.77781 – 73.17312 on m15 time frame. Moreover, a decisive close above 73.36317 on m15, would set up the fresh demand zone at 71.191117 – 71.77433 on m15.
Nyc Session Update
Although the price may carry on the bullish momentum on h1 time frame, as the price trades above the last support at 71.19401 on h1. Meanwhile the m15 time frame follows the higher time frame bullish structure, as the price holds the last support at 71.72231. In addition, the price hasn’t established any fresh support on any time frame h1 and m15. However, a close above 73.22580 on h1 time frame, would set up the fresh support at 72.09664 – 71.57855 on h1.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bullish momentum on h1 time frame, as the price trades above the last support at 71.19401 on h1. In addition, a break below 71.19401 on h1 time frame. As a result, price may validate the change of character towards the downside structure on h1 time frame, while establishing the fresh supply zone at 72.68921 – 73.11039 on h1. On the other hand, a close below 71.72231 on m15, would confirm the character shift towards the bearish side. As a result, price would set up the fresh resistance at 72.77781 – 73.17312 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.