M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the buyers are dominating the price on the h1 higher time frame, as the price decisively close above the last resistance at 1.15714 on h1. On the other hand, the m15 time frame trades in bearish structure. As a result the price holds the last resistance 1.16396. Meanwhile the m15 time frame hasn’t established any fresh resistance on m15 time frame. Moreover the h1 time frame established the fresh support at 1.15347. Until 1.15245 remains intact on h1 time frame, the buyers would continue dominating the price.
Resistance Zones
M15 Resistance Zone
1.16594 – 1.16664
Pending Supply Zone
Probable Resistance Region
H1 Resistance Zone
1.16513 – 1.16664
Pending Supply Zone
Higher Time Frame Resistance Zone
Support Zones
M15 Support Zone
1.15556 – 1.15460
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15347 – 1.15245
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the higher time frame bias favors the buyers on h1 time frame, as long as the price holds the last support at 1.15245 on h1. Meanwhile, a decisive close below 1.15245 on h1 time frame, may establish the change of character on h1 time frame. As a result the price could confirm the fresh resistance at 1.15847 on h1 time frame. On the other hand, reclaiming the 1.16396 on m15 time, then the price could form the character shift towards the bullish side. As a result the could expose the fresh support at 1.16151. Moreover, a break above 1.16396 on h1 time frame, may confirm the fresh support on h1.
Nyc Session Outlook
Although the buyers are controlling the h1 higher time frame at 1.15245. On the other hand, the m15 structure remains bearish, as the price holds the resistance at 1.16400. In addition, the price hasn’t established any fresh support on h1 time frame, and any fresh resistance on m15 time frame. Meanwhile a close above 1.16400 on h1 time frame, could confirm the fresh support at 1.15805 on h1, and on m15 time frame may establish the character shift towards the bullish side, while forming the support at 1.16151.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.15556 – 1.15460
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15347 – 1.15245
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.16594 – 1.16664
Pending Supply Zone
Probable Resistance Region
H1 Resistance Zone
1.16513 – 1.16664
Pending Supply Zone
Higher Time Frame Resistance Zone
Session Strategy
Although the buyers are dominating the price on h1 time frame, while holding the last support at 1.15245. Therefore, a decisive close below 1.15245 on h1 time frame, may establish the change of character on h1 time frame. As a result the price could confirm the fresh resistance at 1.15847 on h1 time frame. In addition, reclaiming the 1.16396 on m15 time, then the price could form the character shift towards the bullish side. As a result the could expose the fresh support at 1.16151. Moreover, a break above 1.16396 on h1 time frame, may confirm the fresh support on h1.
Key Takeways
Trend: Bullish
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.