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 may continue its bullish price structure on h1 time frame. As a result, the price trades above the key support zone at 4483.089. In addition, the m15 time frame follows the broader time frame bullish price structure, as the price trades above the key support zone at 4483.089. Therefore the m15 time frame hasn’t established nay fresh support zone on m15 time frame. However awaiting for the new structure.
Support Zones
M15 Support Zone
4426.116 – 4417.953
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4514.205 – 4483.089
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.882 – 4736.179
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. As a result, price trades above the key support zone at 4483.089 on h1. Therefore, a decisive close below 4483.089 on h1. As a result, price would confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 4559.784 – 4580.820 on mh1. In addition, if price closes below 4483.089 on m15, price may confirm the change of character towards the bearish side. As a result, price would expose the fresh resistance at 4565.919 – 4580.820 on m15. Moreover, 4619.233 on m15 time frame would confirm the continuation of bullish momentum, while establishing the fresh support zone at 4552.128 – 4543.691 on m15.
Nyc Session Outlook
Although the price may extend its bullish price momentum, as price trades above key support zone at 4483.089 on h1 time frame. Meanwhile the price hasn’t established any fresh support zone on m15 and h1 both the time frame. Therefore, h1 pending support zone would remain valid at 4514.205 – 4483.089. Moreover, a decisive close above 4619.497 on h1, may confirm the further bullish momentum, while establishing the fresh support at 4546.921 – 4529.986 on h1.
Key Support & Resistance Zone
M15 Support Zone
4426.116 – 4417.953
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4514.205 – 4483.089
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.882 – 4736.179
Pending supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue the bullish momentum, as the price trades above the key support zone at 4483.089 on h1. In addition, a decisive close below 4483.089 on h1. As a result, price would confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 4559.784 – 4580.820 on mh1. Moreover, if price closes below 4483.089 on m15, price may confirm the change of character towards the bearish side. As a result, price would expose the fresh resistance at 4565.919 – 4580.820 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.