M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price may continue the bullish momentum on h1 time frame. Meanwhile the price respects the last support zone at 72.88570 on h1 time frame. Additionally the price hasn’t confirmed or established any fresh demand zone at h1 time frame. Therefore the pending demand zone on h1 would remain valid. On the other hand m15 time frame initiated the bearish momentum, as the price closes below the last resistance at 75.78230 on m15 time frame. As a result, price confirmed the fresh resistance at 75.91682 on m15 time frame. In addition, until 76.20735 remains intact on m15 time frame, the short term downside may remain intact
Support Zones
M15 Support Zone
74.44155 – 74.21907
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
74.86350 – 74.71006
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
75.91455 – 75.99591
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
76.67130 – 77.18164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may carry on the bullish structure on h1 time frame. Meanwhile the price trades above the last support at 72.88570. Therefore, a break below 72.88570 on h1 , the price would initiate the bearish momentum while confirming the fresh resistance at 74.86350 – 74.71006 on h1 time frame. In addition, reclaiming the 76.20735 on m15. As a result the price may indicate the change of character to the bullish side, as the price may set up the fresh support zone at 75.99591 – 75.91455 on m15.
Nyc Session Update
Although the price may continue the bullish momentum on h1 time frame, until 72.88570 remains intact on h1 time frame. Meanwhile the h1 time frame hasn’t confirmed the fresh support. On the other hand, the 15 time frame initiated the bullish momentum, as the price closes above 75.71194 on m15 and confirmed the fresh demand at 75.35770 on m15.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
75.35770 – 75.27182
Fresh Demand Zone
Short Term Key Support Zone
H1 Support Zone
The price hasn’t established any fresh or near by support zone on h1 time frame.
Resistance Zones
M15 Resistance Zone
As the price trades in bullish structure on m15 time frame. Therefore the price hasn’t established any fresh or near by resistance zone. Meanwhile awaiting for the new structure.
H1 Resistance Zone
76.67130 – 77.18164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may carry on the bullish structure on h1 time frame. Meanwhile the price trades above the last support at 72.88570. Meanwhile, a close below 72.88570 on h1 , the price may initiate the bearish momentum while establishing the fresh supply zone at 74.86350 – 74.71006 on h1 time frame. Moreover, a break below 74.83027 on m15. As a result the price may indicate the change of character to the bullish side, as the price may set up the fresh support zone at 75.27182 – 75.35770 on m15.
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.