M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the buyers may remain dominating the price on h1 time frame, as the price trades above the last key support at 4600.981 on h1 time frame. Meanwhile, the price established the fresh support at 4610.388 on h1. On the other hand, m15 time frame follows the higher time frame bullish structure. As a result price established the fresh support at 4707.848 on m15 time frame. Moreover, a decisive close above 4858.393 0n m15 time frame, the price may confirm the fresh support at 4794.353 – 4788.430 on m15 time frame.
Support Zones
M15 Support Zone
4707.848 – 4703.796
Fresh Demand Zone
Short Term Key Support Zone
H1 Support Zone
4610.388 – 4600.981
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
4894.763 – 4898.728
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4890.969 – 4898.728
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although h1 structure may carry on the bullish price structure on h1 time frame. As a result, price holds the last support at 4600.981. In addition, if price closes below 4600.981 on h1 time frame. As a result, price would confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 4695.886 – 4706.621 on h1 time frame. Moreover, a decisive close below 4703.796 on m15 time frame, the price may validate change of character towards the bearish side. As a result, price would establish the fresh resistance at 4711.063 – 4716.986 on m15 time frame
Nyc Session Update
Although the price may continue its bullish momentum on h1 time frame, as price holds the last key support at 4600.981 on h1. Meanwhile the price hasn’t established any fresh support zone on any time frame h1 and m15 both the time frame. In addition, a close above 4858.212 on h1 time frame, would validate the fresh support zone at 4783.250 – 4771.396 on h1 time frame
Key Support & Resistance Zone
Support Zones
M15 Support Zone
4707.848 – 4703.796
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
4610.388 – 4600.981
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
4894.763 – 4898.728
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4890.969 – 4898.728
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bullish price structure on h1 time frame. As a result, price holds the last support at 4600.981. Therefore, a closes below 4600.981 on h1 time frame. As a result, price may confirm the character shift towards the bearish side, while setting up the fresh resistance zone at 4695.886 – 4706.621 on h1 time frame. In addition, a break below 4703.796 on m15 time frame, the price would validate change of character towards the bearish side. As a result, price would confirm the fresh resistance at 4711.063 – 4716.986 on m15 time frame. Moreover, if price closes below 4776.626 on m15 time frame, the price may confirm the character shift towards the bearish side.
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.