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 its bullish price structure on h1 time frame. As the price holds the last support at 66.02451 on h1. Meanwhile, the price shifted its character on m15 time frame, while giving the decisive close above 68.36792 on m15. As a result, price established fresh support at 68.61645 on m15. Moreover the price hasn’t established any fresh support zone on h1 time frame. Until the price holds 68.40613 on m15, the upside continues.
Support Zones
M15 Support Zone
68.61645 – 68.40613
Fresh Demand Zone
Short Term Intraday Support Area
H1 Support Zone
60.31051 – 60.10334
Pending Demand Area
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
72.09599 – 72.21681
Pending Supply Area
Short term Intraday Resistance Region
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Area
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to continue the bullish price momentum on h1, as the price holds the last support at 68.61645 on h1. Therefore, a break below 68.61645 on h1 time frame. As a result the price may confirm the character shift towards the bearish side, while forming the fresh resistance at 70.06908 on h1. On the other hand, if price looses 68.40613 on m15 time frame, the price could confirm the change of character on m15 time frame. As a result, price may confirm the fresh resistance at 68.90159 on m15 time frame. Moreover, a decisive close above 70.37743 on m15 time frame, may confirm the fresh support on m15 time frame.
Nyc Session Outlook
Although the price could continue its bullish momentum on h1 time frame, as the price trades above the last support at 68.61645. Meanwhile the price hasn’t established any fresh support zone on h1 time frame. In addition, the price shifted its character on m15 time frame, while giving the decisive close below 68.40613. As a result, the price may established the fresh resistance at 68.90159 on m15 time frame.
Key Support & Resistance Zone
M15 Support Zone
66.54184 – 66.37696
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending Demand Area
Higher Time Frame Support Base
Resistance Zone
M15 Resistance Zone
68.90159 – 69.10605
Fresh supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
76.44824 – 76.69425
Pending Supply Area
Higher Time Frame Resistance Region
Session Strategy
Although the price could continue its bullish price structure on h1, as the price holds the key support zone at 68.61645. Meanwhile, a break below 68.61645 on h1 time frame. As a result the price may confirm the character shift towards the bearish side, while forming the fresh resistance at 70.06908 on h1. In addition, a break above 70.37826 on m15 time frame, the price could confirm the change of character towards the bullish side on m15 time frame. As a result, price may confirm the fresh support zone at 69.10605 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.