M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price is likely to continue the bullish price structure on h1 time frame, as the price trades above key support zone at 67.51701. Meanwhile the m15 time frame, follows the broader time frame bullish price structure, while trading above the key support zone at 67.51701 on m15. In addition the m15 and h1 time frame hasn’t established any fresh support zone on any time frame. As long as the price holds 67.51701 on h1 time frame, the bullish may remain intact.
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
77.48696 – 77.89698
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 price structure, as the price trades above the key support zone at 67.51701. Therefore, a break below 67.51701 on h1 time frame. As a result the price would confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 69.67260 – 70.37263 on h1. On the other hand, if price looses 67.51701 on m15. As a result the price may confirm the change of character towards the bearish side. As a result, price may from the fresh resistance at 70.14922 – 70.37263. Moreover a close above 71.63864 on h1, would confirm the fresh support at 68.12361 – 67.69167 on h1.
Nyc Session Outlook
Although the price may extend its bullish momentum, as long as the price trades above the key support zone 67.51701 on h1. In addition, the price hasn’t formed any fresh support on h1 and m15 both the time frame. Therefore awaiting for the new structure. Moreover a close above 71.63864 on h1, would confirm the fresh support at 68.12361 – 67.69167 on h1.
Key Support & Resistance Zone
M15 Support Zone
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
77.48696 – 77.89698
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 continue to trade higher in the long term, as the price holds the last support at 67.51701 on h1. In addition, a break above a break below 67.51701 on h1 time frame. As a result the price would confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 69.67260 – 70.37263 on h1. However, if price looses 67.51701 on m15. As a result the price may confirm the change of character towards the bearish side. As a result, price may from the fresh resistance at 70.14922 – 70.37263.
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.