M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
As the Price trades in bullish momentum on higher time frame h1, meanwhile the price hasn’t established any support on h1 hi time frame. Hence awaiting for the new structure.
Support Zones
M15 Support Zone
4972.818 – 4972.143
Pending Support Zone
Likely Support Reaction Area
H1 Support Zone
4961.422 – 4960.656
Pending Support Zone
Higher time Frame Support Confluence Zone
Resistance Zones
M15 Resistance Zone
5194.186 – 5196.239
Fresh Resistance Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
As the price trades bullish on higher time frame, while the price hasn’t established or formed any resistance on h1 higher time frame. Meanwhile the major resistance will remain at h4 time frame 5244.920 – 5250.005.
Session Strategy
The buyers are controlling the higher time frame bias, meanwhile the shorter time frame bias will remain bearish the until the price trades below the 5196.239. A decisive close above 5196.239 would establish the change of character on shorter time frame m15 while forming the fresh support at 5165. On the other hand if price closes below 5126 on higher time frame then the price would establish the character shift in on h1 time frame while forming the fresh resistance on h1. Until that the buyers will remain interested and continue to dominate the price.
Nyc Session Outlook
The price shifted its character on m15 time frame while giving decisive close above 5175 and establishing fresh short term support at 5143. Meanwhile the h1 time frame continues its bullish structure while defending the support 5125 on h1.
Key Support and Resistance zone
M15 Support Zone
5143.222 – 5137.363
Fresh Support Zone
Short Term Intraday Demand Zone
H1 Support zone
4961.422 – 4960.656
Pending Support Zone
Higher time Frame Support Confluence Zone
Resistance Zones
M15 Resistance Zone
5194.186 – 5196.239
Fresh Resistance Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
As the price trades bullish on higher time frame, while the price hasn’t established or formed any resistance on h1 higher time frame. Meanwhile the major resistance will remain at h4 time frame 5244.920 – 5250.005.
Session Strategy
Although the buyers are dominating the price on m15 and h1 higher time frame. Meanwhile defending the last support at 5125. In addition, a break below 5125 could establish the character shift on higher time frame h1 to bearish side while forming the fresh resistance at 5188. On the other hand, a sustained close below 5137 could establish the character shift on m15 time frame. Meanwhile forming the fresh resistance at 5168 on m15. Therefore a close above 5191 would establish the new support at m15 time frame.
Key Takeways
Trend: Bullish
Bias: Sell On Rise
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.