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 higher time frame. Meanwhile the m15 shifted its character, by giving the decisive close below 1.15319. As a result the price established new resistance zone on m15 time frame. The price confirmed the fresh resistance zone at 1.15470 on m15. Meanwhile the buyers defending the last support at 1.14661 on h1 time frame. In addition, the upside momentum remains continue until the buyers are defending the last support at 1.14661 on h1 time frame.
Support Zones
M15 Support Zone
Therefore the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established fresh support zone on m15 time frame. As a result, the pending support will remain at 1.15062 – 1.15047.
H1 Support Zone
1.14793 – 1.14661
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.15470 – 1.15451
Fresh Supply Zone
Multi Time Frame Alignment Zone
H1 Resistance Zone
1.15578 – 1.15659
Pending Supply Area
Higher Time Frame Resistance Region
Session Strategy
Although the price trades in bullish structure. Meanwhile the m15 shifted it’s character from bullish to bearish. In addition a break below 1.15319. Meanwhile the price established new resistance zone at 1.15451 – 1.15470 on m15 time frame. On the other hand , decisive close below 1.14661 on h1 higher time frame, then the price may confirm the character shift towards the bearish side, while establishing the fresh resistance zone 1.15183. Similarly, if price closes above the m15 resistance at 1.15491, then the price would establish the dual character shift towards the bullish while forming the fresh support at 1.15470. As long as the price holds 1.15491 on m15 time frame, short term correction would remain expected.
Nyc Session Outlook
Although the m15 time frame continue its bearish structure, as the price holds the last resistance at 1.15491. On the other hand the h1 time frame continue it bullish structure while trading above the last support at 1.14661. A close above 1.15491 on m15 time frame would confirm the dual change of character on m15 time frame, similarly on the other hand on h1 the prive may confirm the fresh support zone on h1 time frame.
Key Support And Resistance Zones
M15 Support Zone
1.15062 – 1.15047
Pending Demand Zone
Short Term Intraday Demand Area
H1 Support Zone
1.14793 – 1.14661
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zone
M15 Resistance Zone
1.15626 – 1.15659
Pending supply Zone
Multi Time Frame Alignment zone
H1 Resistance Zone
1.15578 – 1.15659
Pending Supply Area
Higher Time Frame Resistance Area
Session Strategy
Although the price trades in bullish structure on h1 time frame, Meanwhile the m15 continue its bearish structure while trading below the last resistance 1.15491. On the other hand the h1 time frame continue it bullish structure while trading above the last support at 1.14661. A close above 1.15491 on m15 time frame would confirm the dual change of character on m15 time frame, similarly on the other hand a close above 1.15491 on h1 time frame then the price may confirm the fresh support zone at 1.15264 on h1 time frame.
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.