M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Rise
Session Focus: London| Nyc
London Market Overview
The price continues its bullish structure on higher time frame while defending the last support at 157.997 but the price shifted its character on m15 shorter time frame during mid asian session while establishing the resistance at 159.103 but its already tapped by the price.
Support Zones
M15 Support Zone
As the price trades in bearish structure on shorter time frame m15, hence no support formed or established by the price on m15. Awaiting for the new structure.
H1 Support Zone
157.999 – 157.870
Pending Support Zone
Higher time frame support confluence Zone
Resistance Zones
M15 Resistance Zone
The price continues to trade in bearish structure on shorter time frame m15 but the hasn’t established any new resistance on m15 time frame.
H1 Resistance Zone
As the price is in the bullish momentum hence no fresh or pending resistance formed by the price on h1 higher time frame h1. Awaiting for the new structure.
Session Strategy
As the buyers are controlling the higher time frame bias while defending the last support at 157.999. A decisive close above 159.238 on h1 higher time frame would establish the fresh support at 158.863. On the other hand a close above 159.238 om 15 shorter time frame would establish dual change of character on shorter time while establishing the fresh support at 159.131. If price closes below 157.870 on h1 higher time frame would establish the character shift on h1 time frame while forming the fresh resistance at 158.392. Until that short term will remain interested.
Nyc Session Outlook
The price continues its bearish structure on m15 shorter time frame but the price hasn’t formed or established the new resistance on m15 time frame, while on the other hand higher time frame h1 structure remains bullish until the price holds the last support at 157.867.
Key support and Resistance Zones
Support Zones
M15 Support Zone
As the price trades in bearish structure on shorter time frame m15, hence no support formed or established by the price on m15. Awaiting for the new structure.
H1 Support Zone
157.999 – 157.870
Pending Support Zone
Higher time frame support confluence Zone
Resistance Zones
M15 Resistance Zone
The price continues to trade in bearish structure on shorter time frame m15 but the hasn’t established any new resistance on m15 time frame. A decisive close below 158.674 on m15 time frame would expose the level at 158.888 which could act as the fresh resistance on m15 time frame
H1 Resistance Zone
As the price is in the bullish momentum hence no fresh or pending resistance formed by the price on h1 higher time frame h1. Awaiting for the new structure.
Session Strategy
Although the higher time bias will remain bullish till the buyers are defending the last support at 157.867. Meanwhile the price trades in bearish structure on m15 time frame while establishing the fresh resistance at 159.117. A decisive break below 158.674 on m15 time frame would expose the level at 158.888 which could act as the fresh resistance on m15 time frame. Similarly a sustained close below 157.869 on h1 time frame could confirm the fresh resistance at 158.392 on h1 higher time frame. Reclaiming 159.238 could restore the bullish momentum on m15 time frame and could form the fresh support at 159.131. Until the price holds 159.238 on m15 time frame, the short term sellers will remain interested.
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.