M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the h1 time frame may continue to trade in bullish price structure, as the price trades above key support zone at 1.31596 on h1. In addition, the m15 time frame confirmed the change of character towards the bearish side, while giving the decisive close below 1.33147 on m15. As a result, m15 time frame established the fresh resistance at 1.33124 on m15. Until 1.31596 remains intact on h1, the upside would remain continue.
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh support zone on m15. Meanwhile awaiting for the new structure.
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.33124 – 1.33203
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.34287 – 1.34363
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bullish momentum on h1 time frame. as long as the price holds the last support at 1.31596 on h1 time frame. Therefore, if price looses 1.31596 on h1 time frame. As a result, the price would indicate the change of character on h1 time frame, while establishing the fresh resistance at 1.32333 – 1.32381 on h1 time frame. In addition, a decisive close above 1.33203 on m15 time frame, may confirm the character shift towards the bullish side. As a result, while forming the fresh support at 1.32982 – 1.32931 on m15 time frame.
Nyc Session Update
Although the downside momentum is visible on h1 time frame, however the buyers are defending the support area at 1.31595 preventing the further downside momentum. Meanwhile the m15 time frame is forming the lower high and lower low. As a result, price established the fresh supply zone at 1.32259 on m15.
Key Support & Resistance Zone
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh support zone on m15. Meanwhile awaiting for the new structure.
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.33124 – 1.33203
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.34287 – 1.34363
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although h1 may remains in the favor of buyers, as long as the price trades above the key support zone at 1.31595 on h1. However, a break below 1.31596 on h1 time frame. As a result, the price would indicate the change of character on h1 time frame, while establishing the fresh resistance at 1.32333 – 1.32381 on h1 time frame. Moreover, a decisive close above 1.32259 on m15 time frame, may confirm the character shift towards the bullish side. As a result, while forming the fresh support at 1.32035 – 1.32017 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.