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 upside momentum on h1 time frame following the yesterday’s bullish momentum on h1 time frame. As a result, the buyers are holding the last support area at 69.83103 on h1 time frame. Meanwhile, the price established the fresh resistance at 73.09488 on h1 time frame. On the other hand, the m15 time frame has formed the fresh demand zone at 76.09397 on m15 time frame.
Support Zones
M15 Support Zone
76.09397 – 76.01145
Fresh Demand Zone
Short Term Key Demand zone
H1 Support Zone
73.11294 – 72.68485
Fresh Demand Zone
Higher Time Frame Support Zone
Resistance Zones
M15 Resistance Zone
79.94658 – 80.18100
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
84.27568 – 84.47885
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the h1 structure favors the buyers on h1 time frame, as the price holds the last support at 69.83103 on h1 time frame. However, a decisive close below 69.83103 on h1 time frame. As a result, the price would establish the change of character towards the bearish side. As a result, price would confirm the fresh resistance at 73.14817 – 73.57014 on h1 time frame. Moreover, a decisive close below 76.01145 on m15 time frame. Afterwards, the price would confirm the character shift towards the bearish side, while forming the fresh resistance at 76.58073 – 77.18714 on m15 time frame. Therefore, as the long as the 69.83103 remains intact on h1 time frame, the price may continue towards the upside.
Nyc Session Update
Although the price may carry on the upside momentum, as the price trades above the last support at 69.83103 on h1 time frame. Meanwhile the h1 time frame established the fresh support zone at 76.29349 on h1, as the price decisively closes above at 77.18886 on h1. Moreover, the price hasn’t established any fresh support on m15 time frame, as the previous support would remain valid on m15 time frame. In addition, a close above 77.64998 on h1 time frame, would validate the fresh support on both the time frame on h1 76.70154 – 76.60794, on m15 76.66410 – 76.57674
Key Support & Resistance Zone
Support Zones
M15 Support Zone
76.09397 – 76.01145
Pending Demand Zone
Short Term Key Demand zone
H1 Support Zone
76.29349 – 76.10696
Fresh Demand Zone
Higher Time Frame Support Zone
Resistance Zones
M15 Resistance Zone
79.94658 – 80.18100
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
84.27568 – 84.47885
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the h1 structure is likely to continue the bullish momentum, as the price holds the last support at 76.10696 on h1 time frame. Therefore, a close below 76.10696 on h1 time frame. As a result, the price may establish the change of character towards the bearish side. As a result, price would validate the fresh resistance at 76.67034 – 77.18200 on h1 time frame. Moreover, if price closes below 76.01145 on m15 time frame. Afterwards, the price may confirm the character shift towards the bearish side, while establishing the fresh resistance at 76.58073 – 77.18714 on m15 time frame. Therefore, as the long as the 69.83103 remains intact on h1 time frame, the price may continue towards the upside.
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.