M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although may continue the bullish momentum on h1 time frame. Meanwhile the price respects the last key support zone at 4699.441 on h1 and hasn’t confirmed any fresh support on h1 time frame. Therefore the pending support would remain effective on h1 time frame. On the other hand m15 time frame initiated the bearish structure during mid asian session, as the price closes below the last support at 4757.213 on m15. As a result price confirmed the fresh resistance at 4771.830 on m15. In addition, a close below 4738.161 on m15 time frame, would confirm the continuation of bearish structure and may confirm the fresh resistance at 4767.331 – 4770.912 on m15
Support Zones
M15 Support Zone
4736.443 – 4732.400
Pending Demand Zone
Short Term Key Support Base
H1 Support Zone
4736.443 – 4732.400
Pending Demand Zone
Short Term Key Support Base
Resistance Zones
M15 Resistance Zone
4771.830 – 4777.254
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4891.155 – 4898.728
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to continue the bullish price structure on h1 time frame. Meanwhile the price trades above the last support at 4699.441 on h1. Therefore, a close below 4699.441 on h1 may validate the character shift to the bearish side. As a result the price would set up the fresh resistance at 4732.400 – 4736.443 on h1, Moreover, a decisive close above 4777.335 on m15 may initiate the upside momentum. Meanwhile confirming the fresh support at 4754.273 – 4750.737 on m15 time frame.
Nyc Session Update
Although the price may carry on the bullish momentum on h1 time frame, as price respect the last key support zone at 4699.441. Meanwhile the m15 time frame continuing the bearish momentum, while trading below the last resistance at 4777.335 on m15. In addition the m15 time frame hasn’t established any fresh fresh resistance and h1 time frame hasn’t confirmed any fresh support zone. Therefore the pending levels would remain effective on both the time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
4678.666 – 4673.847
Pending Demand Zone
Short Term Key Support Base
H1 Support Zone
4610.388 – 4600.981
Pending Demand Zone
Short Term Key Support Base
Resistance Zones
M15 Resistance Zone
4805.442 – 4807.312
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4891.155 – 4898.728
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may remain in bullish price structure on h1 time frame. Meanwhile the price trades above the last support at 4699.441 on h1. Meanwhile, a decisive close below 4699.441 on h1 would validate the character shift to the bearish side. As a result the price may set up the fresh resistance at 4732.400 – 4736.443 on h1, In addition, a close above 4777.335 on m15 would initiate the upside momentum. Meanwhile establishing the fresh support at 4754.273 – 4750.737 on m15 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. However always manage your risk and trade responsibly.