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 structure could continue to favor the sellers on h1 higher time frame, as the price holds the last support at 66.01912 on h1 time frame. In addition the m15 time frame shifted its price structure from bullish to bearish by giving the decisive close below 71.11349 on m15 time frame. Meanwhile establishing the fresh resistance at 70.00202. In addition, until 70.08779 remains intact on m15 time frame, short term correction would remain intact.
Support Zones
M15 Support Zone
66.24980 – 66.01668
Pending Demand Zone
Short Term Intraday Demand Zone
H1 Support Zone
66.71605 – 66.01668
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
70.00348 – 70.08779
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply zone
Higher Time Frame Resistance Region
Session Strategy
Although the price structure could continue the upside momentum on h1 time frame, until the 66.01668 remains intact on h1 higher time frame. Therefore, a break below 66.01668 on h1 higher time frame, could confirm the character shift towards the bearish side. As a result the price could establish the fresh resistance at 70.06042 on h1 time frame. On the other hand, reclaiming the 70.08779 on m15 time frame, may confirm the change of character on m15 time frame. As a result the price may form the fresh support area at 69.29536 on m15 time frame. Moreover, as the price holds 66.01668 on h1 time frame, the buyers may continue to dominate the price.
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.