M15 & H1 Intraday Key Levels|Bullish (mid london shift)
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price continues to trade in bearish structure on higher time frame h1. Therefore the price is making the lower low and lower high on m15 shorter time frame. Meanwhile establishing the fresh resistance at 1.15547 on m15 time frame.
Support Zones
M15 Support Zone
As the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any new support on m15 time frame, hence awaiting for the new structure to be formed.
H1 Support Zone
As the price trades in bearish structure on h1 higher time frame. Meanwhile the price hasn’t established any new support on h1 higher time frame, hence awaiting for the new structure to be formed.
Resistance Zones
M15 Resistance Zone
1.15548 – 1.15557
Fresh Resistance Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.16333 – 1.16453
Pending Resistance Area
Higher Time Frame Resistance Area
Session Strategy
Although the sellers are dominating the higher time frame while defending the last resistance at 1.16453 on m15 and h1 time frame. In addition, reclaiming 1.16453 on h1 and m15 time frame. As a result the price may establish the change of character on both the time frame. Meanwhile forming the fresh support at 1.15426. On the other hand if price closes below the 1.15230 on both the time frame m15 and h1. As a result the price would establish fresh resistance on h1 higher time frame.
Nyc Session Outlook
Although the price shifted its character from bearish to bullish on higher time frame and on shorter time frame. Meanwhile giving a decisive close above 1.15554 and establishing the new support at 1.15427.
Key support and Resistance Zone
Support Zone
M15 & H1 Support Zone
1.15427 – 1.15342
Fresh Support Zone
Multi Time Frame Alignment Zone
Resistance Zone
M15 Resistance Zone
1.15970 – 1.16125
Pending Resistance Zone
Short term Supply Area
H1 Resistance Zone
1.16333 – 1.16453
Pending Resistance Area
Higher Time Frame Resistance Area
Session Strategy
Although the buyers gained the control again. As a result the price closed above 1.15554 on h1 higher time frame. Meanwhile forming the fresh support at 1.15427. In addition, a break below 1.15321 on higher time frame could establish character shift from bullish to bearish again while establishing the fresh resistance at 1.15507 on h1 time frame and m15 time frame. On the other hand, the sellers present at 1.16333 can dominate the price, until that upside remains intact.
Key Takeways
Trend: Bullish (mid london shift)
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.