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 continues its bullish structure followed by previous day structure on h1 higher time frame but the price shifted its character on m15 time frame, as a result the price established the fresh resistance on m15 time frame at 1.33097. Meanwhile the h1 time frame remains bullish, as long as the price holds the 1.32310.
Support Zones
M15 Support Zone
Although the m15 structure favors the sellers, meanwhile no near by or fresh support established by the price yet. But however the pending support on m15 time frame will remain valid at 1.32404 – 1.32310. On the other hand, if price closes above 1.33398 on m15 shorter time, as a result the price may confirm dual character shift on m15 time frame, therefore the price may form the new support at 1.33171
H1 Support Zone
1.32440 – 1.32310
Pending Support Region
Higher Probability Support Confluence Zone
Resistance Zones
M15 Resistance Zone
1.33171 – 1.33097
Fresh Supply Zone
Short Term Intraday Supply Area
H1 Resistance Zone
Although the price trades in bullish structure on h1 time frame, however the price established pending supply zone on h1 time frame will remain valid 1.33635 – 1.33696. If price close below 1.32310 then the price may establish new fresh resistance on h1 timeframe, meanwhile 1.33635 – 1.33696 remains valid.
Session Strategy
The higher time frame bias favors the bullish momentum, meanwhile the buyers are defending the last support at 1.32310. In addition a sustained close below 1.32310 on h1 time frame may confirm change of character on h1 higher time frame, as a result the price would establish the new fresh resistance at 1.32634 – 1.32663. As long as the price holds the 1.33396 on shorter time frame m15, as a result the structure may remain bearish. On the other hand, until 1.32310 remains intact, h1 structure remains bullish. Although the structure is bullish.
Nyc Session Outlook
The higher time frame bias favors the buyers, while the price trades above last support on h1 time frame. Meanwhile, a close above 1.33396on m15 time frame would confirm the dual change of character, as a result the price may establish the new support on m15 time frame. Until that 1.32440 will remain valid support on h1 time frame.
Key Support and Resistance Zone
Support Zone
M15 Support Zone
Although the m15 structure favors the sellers, as long as the price holds the resistance at 1.33396 on m15 time frame, as a result the structure remains bearish. Meanwhile the pending support will remain at 1.32404 – 1.32310.
H1 Support Zone
1.32440 – 1.32310
Pending Support Region
Higher Probability Support Confluence Zone
Resistance Zone
M15 Resistance Zone
Although the structure is bearish, but the price hasn’t established any new resistance yet. As a result, the previous supply zone already tapped by the price. Meanwhile awaiting for the new structure.
H1 Resistance Zone
1.33635 – 1.33696
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
The higher time frame favors the buyers while trading above the last support at 1.32310 on h1 time frame. In addition a sustained close below 1.32310 on h1 time frame may confirm change of character on h1 higher time frame, as a result the price would establish the new fresh resistance at 1.32634 – 1.32663. As long as the price holds 1.32310 on h1 time frame, as the result the bullish structure remains intact.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. It does not constitute financial advice. Always manage your risk and trade responsibly.