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 trades in bullish structure on h1 time frame, meanwhile holding last support at 1.14788 on h1 higher time frame. In addition the price shifted its character on m15 time frame from bullish to bearish, as a result while forming the fresh resistance at 1.15016 on m15 time frame. As long as the price holds last support at 1.14788, however the h1 structure will continue its bullish momentum.
Resistance Zones
M15 Resistance Zone
1.15016 – 1.15021
Fresh Supply Zone
Short Term Intraday Supply Area
H1 Resistance Zone
Although the price trades in bullish structure on h1 time frame, but meanwhile the price established pending supply area at 1.15578 – 1.15664. Moreover, if price closes below 1.14778 on h1 time frame, as a result the price may confirm character shift on h1 time frame, as a result the price would establish the fresh resistance at 1.15000.
Support Zones
M15 Support Zone
Although the price trades in bearish structure, as a result the price hasn’t established fresh support at m15 timeframe. Meanwhile pending support on m15 time frame will remain valid at 1.14373 – 1.14333.
H1 Support Zone
1.14452 – 1.14333
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price trades in bullish structure on higher time frame h1, therefore the price shifted its character on m15 time frame, by giving the decisive close below 1.14778. On the other hand, a decisive close above 1.15250 on m15 time frame, as a result the price may establish the dual change of character, as a result establishing the fresh support at 1.15021. As long as the price holds the 1.14778 on h1 time frame, as a result the price may continue for the furthermore bullish momentum. In addition a close below 1.14778, then the price may open the door for furthermore downside.
Nyc Session Outlook
Although the price continues its bullish structure but m15 trades in bearish, meanwhile the m15 hasn’t established any new or near by resistance on m15 time frame. On the other hand the price hasn’t established any new or near by support on h1 time frame. Meanwhile the pending support on h1 time frame will remain valid at 1.14450.
Key Support & Resistance Zone
M15 Support Zone
Although the price trades in bearish structure, therefore the price hasn’t established any new or nearby support on m15 time frame. Meanwhile the pending support will remain at 1.14374 – 1.14333.
H1 Support Zone
m1.14452 – 1.14333
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zone
M15 Resistance Zone
Although the price trades in bearish structure on m15 time frame, but the price hasn’t established any fresh resistance yet. Meanwhile awaiting for the new structure to be formed.
H1 Resistance Zone
1.15578 – 1.15664
Pending supply Area
Higher Time Resistance Confluence Zone
Session Strategy
The higher time frame bias favors the buyers while defending the last support at 1.14778. A sustained close below 1.14778 on h1 time frame would confirm the character shift towards the bearish side, as a result the price would establish the fresh resistance at 1.14996 – 1.15022. On the other hand, if price closes below 1.14665 on m15 time frame, as a result the price would confirm the fresh resistance on m15 time frame. A decisive close above 1.15250 on m15 time frame, as a result the price would establish the dual character shift on m15 time frame, while forming the fresh support at 1.15022. Until that short term correction remain expected.
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. Always manage your risk and trade responsibly.