M15 & H1 Intraday Key Levels|Bullish Bias
Market Structure: Bullish in M15, H1 and H4 Time Frame
Bearish in 1D
Intraday Sentiment: Buy On Dips
Session Focus: New York
London Market Overview
Although the higher time frame structure favors the buyers on m15 time frame, h1 time frame and h4 time frame. Meanwhile the price forming the higher high and higher low on m15 time frame and h1 time frame. Therefore during the asian, london session the price continued its bullish structure across all the major time frame. On the other hand the new york session continued the bullish momentum. As a result, as long as the price trades above the last support at 156.225 on h1 higher time frame. Furthermore bullish momentum remains intact until the price holds the last support at 156.225 on h1 higher time frame.
Resistance Zones
M15 Resistance Zone
157.333 – 157.338
Fresh supply area
Possible sell reaction Zone
H1 Resistance Zone
157.333 – 157.338
Fresh supply area
Possible sell reaction Zone
Support Zones
M15 Support Zone
156.223 – 156.168
Intraday Demand Zone
Anticipated Demand Reaction Area
H1 Support Zone
156.223 – 156.168
Intraday Buying Interest Zone
Higher Timeframe Support Base
Session Strategy
Although overall structure favors the buyers on m15 time frame, h1 time frame and h4 time frame. In addition the buyers are dominating the price and defending the last support area at 156.223 on h1 higher time frame. Meanwhile we can see some downside from 157.333. On the other hand, until the price holds 156.223 on h1 higher time frame. As a result the bullish momentum remains intact.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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.