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 likely to continue bullish price structure on h1 time frame, as the price trades above the key support zone at 4404 on h1. Meanwhile the m15 time frame follows the broader time frame bullish price structure, while trading above the last support zone at 4486.598 on h1. Therefore the price hasn’t established any fresh support zone on h1 time frame. Moreover, a decisive close above 4550.693 on m15, would confirm the fresh support area at 4521.218 – 4516.136 on m15. In addition, reclaiming 4555.775 on h1, would confirm fresh support at 4432.284 – 4418.055 on h1.
Support Zones
M15 Support Zone
4486.887 – 4486.598
Fresh Demand Zone
Short Term Intraday Support Area
H1 Support Zone
4415.006 – 4404.842
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4726.021 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the price may continue the bullish price structure on h1, while the price trades above the key support zone at 4404 on h1. Therefore, a break below 4404.842 on h1, may indicate the character shift towards the bearish side. As a result the price may establish the fresh resistance at 4454.645 – 4475.481 on h1. On the other hand, a close below 4418.055 on m15. As a result the price may confirm the change of character on m15, while establishing the fresh resistance at 4486.598 – 4486.887 on m15.
Nyc Session Outlook
Although the price may continue the bullish momentum in the long term, as the price trades above the 4404 on h1 time frame. Meanwhile the price has established fresh support zone on m15 time frame at 4521.339. In addition, a close above 4555 may confirm the continuation of bullish momentum and would expose the fresh support area at 4432.284 – 4418.055 on h1.
Key Support & Resistance Zone
M15 Support Zone
4521.339 – 4515.893
Fresh Demand Zone
Short Term Intraday Support Area
H1 Support Zone
4415.006 – 4404.842
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4726.021 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the price may extend its bullish momentum as the price trades above the h1 support zone 4404. In addition, a break below 4404.842 on h1, may indicate the character shift towards the bearish side. As a result the price may establish the fresh resistance at 4454.645 – 4475.481 on h1. Moreover, a close below 4515.893 on m15. As a result the price may confirm the change of character on m15 towards the bearish side, while establishing the fresh resistance at 4550.940 – 4540.226 on m15.
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.