M15 & H1 Intraday Key Levels| Bullish
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price is likely to continue the bullish momentum on h1 time frame. As a result, the buyers are holding the last support at 1.15459 on h1. Meanwhile, the price set up the fresh demand zone at 1.15541 on h1 time frame. On the other hand, the m15 time frame hasn’t established any fresh intraday support zone. Therefore the pending support zone would remain valid at 1.15746 on m15. In addition, a decisive close above 1.16965 on m15 time frame. As a result, the price would form the fresh intraday support at 1.16664 –1.16659 on m15.
Support Zones
M15 Support Zone
1.15747 – 1.15715
Pending Demand Zone
Short Term Key support Zone
H1 Support Zone
1.15542 – 1.15459
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.17170 – 1.17234
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17111 – 1.17133
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue to favors the buyers on h1 higher time frame, as the price trades above the last support 1.15459 on h1. Meanwhile, if price looses below 1.15459 on h1 time frame, as the price may validate the character shift towards the bearish side. As a price would confirm the fresh resistance at 1.15735 – 1.15757 on h1 time frame. On the other hand, a decisive close below 1.15918 on m15 time frame. As a result, price may confirm the change of character towards the downside, while establishing the fresh resistance zone at 1.16018 – 1.16049 on m15 time frame.
Nyc Session Update
Although the price may continue the bullish momentum on h1 time frame, as the price trades above the last support at 1.15459. However the price hasn’t formed any fresh support on h1 time frame. Meanwhile the pending support would remain valid at 1.15542 – 1.15459 on h1 time frame. Moreover, the m15 time frame has confirmed the fresh support zone at 1.16663 on m15. In addition, a decisive close above 1.17084 on h1 and m15 time frame, would confirm the fresh support on both the time frame, h1 at 1.16812 – 1.16689, and m15 at 1.16777 – 1.16689
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.16663 – 1.16659
Fresh Demand Zone
Short Term Key support Zone
H1 Support Zone
1.15542 – 1.15459
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.17170 – 1.17234
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17111 – 1.17133
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bullish momentum on h1 higher time frame, as the price trades above the last support 1.15459 on h1. Therefore, a decisive close below 1.15459 on h1 time frame, as the price may confirm the character shift towards the bearish side. As a price would establish the fresh resistance at 1.15735 – 1.15757 on h1 time frame. On the other hand, a close below 1.16659 on m15 time frame. As a result, price may validate the change of character towards the downside, while setting up the fresh resistance zone at 1.16862 – 1.16966 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.