M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although h1 time frame trades in bullish price structure, as the price trades above key support zone at 72.28536 on h1. Meanwhile m15 time frame trades in bearish price structure, as the price closes below the last support at 75.03195 on m15. As a result price established character shift towards the bearish side on m15. In addition the price hasn’t established any fresh resistance zone on m15. On the other hand, the h1 time frame hasn’t confirmed any fresh support at h1.
Support Zones
M15 Support Zone
73.15453 – 72.96332
Pending Demand Area
Short Term Key Support Base
H1 Support Zone
72.65041 – 72.28536
Pending Demand Area
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Key Resistance Zone
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Area
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend Its further bullish price structure on h1, until the price trades above last support at 72.28536 on h1. In addition, a close below 72.28536 on h1 time frame. As a result, the price would confirm the character shift towards the bearish side, while establishing the fresh resistance at 73.10005 – 73.37130 on h1. On the other hand, a close below 73.78002 on m15, may indicate the character shift towards the bearish side. As a result the price may fresh resistance at 74.35752 – 74.50189 on m15.
Character Shift Update
While Writing this report the m15 time frame shifted its character from bearish to bullish, as the price decisively close above 74.84679 on m15. As a result the price confirmed the fresh support zone at 74.50189 – 74.35752 on m15.
Nyc Session Update
Although the price may extend its bullish momentum on h1 time frame, as the price trades above the last support at 72.28536. In addition, the price hasn’t established any fresh support zone on h1 time frame. Meanwhile a decisive close above 75.65068 on h1, may confirm the fresh support at 74.03551 – 73.78582 on h1. On the other hand, the m15 time frame hasn’t confirmed any fresh support on m15 and the previous one, already tapped by the price at 74.50740 on m15. Moreover, a break above 75.65068 on m15, could expose the fresh support at 74.00876 – 73.92850 on m15.
Key Support & Resistance Zone
M15 Support Zone
73.15239 – 72.96890
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
72.65041 – 72.28536
Pending Demand Area
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
77.48696 – 77.91460
Pending Supply Zone
Key Resistance Zone
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Area
Higher Time Frame Resistance Region
Session Strategy
The h1 time frame may continue the further upside momentum, as long as the price trades above the last support at 72.28536 on h1. Therefore, a close below 72.28536 on h1 time frame. As a result, the price would confirm the character shift towards the bearish side, while establishing the fresh resistance at 73.10005 – 73.37130 on h1. On the other hand, a close below 73.78002 on m15, may indicate the character shift towards the bearish side. As a result the price may fresh resistance at 74.35752 – 74.50189 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.