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 is bearish structure of higher time. As a result the price established change of character on higher time frame h1 while forming the support at 1.16094. On the other hand the m15 established the new support at 1.16090 while making the higher high and higher low on the shorter time frame m15
Resistance Zones
M15 Resistance Zone
1.17112 – 1.17134
Pending Supply Area
High Probability Support Region
H1 Resistance Zone
1.17112 – 1.17134
Pending Supply Area
Multi Time Frame Confluence Zone
Support Zones
M15 Support Zone\H1 Support Zone
The price has established change of character on higher time frame h1 while establishing fresh resistance at 1.16094. On the other hand shorter time frame support remains same as the higher time frame support at 1.16094
Session Strategy
As the higher time frame structure is bullish, a decisive close below 1.16094 on h1 would establish character shift on h1 time frame while forming the fresh resistance at 1.16454. On the other hand a close below 1.16071 would form a character shift on shorter time frame m15 while establishing the fresh resistance at 1.16454. Until that upside remains intact.
Nyc Session Outlook
Although the price trades in bullish structure, while the establishing the higher and higher low on higher time frame while forming the fresh support at 1.16092. Therefore the price holds 1.16072 on higher time frame the structure will remain bullish.
Key Resistance and Support Zones
Support Zone
M15 & H1 Support Zone
1.16092 – 1.16072
Fresh Support Zone
Multi Time Frame Alignment Zone
Resistance Zones
M15 & H1 Resistance Zone
1.17112 – 117133
Pending Supply Area
Higher Time Frame Supply Zone
Session Strategy
Although the buyers are controlling the higher time frame bias. Meanwhile the buyers defending are the support area at 1.16092. In addition, a decisive close below 1.16072 on higher time frame h1 would establish the change of character on higher time frame which could expose the new resistance at 1.16369 on h1 and m15. However the buyers are defending the support area at 1.16072 on higher time frame h1. Therefore the structure remains continue towards 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.