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 the further upside momentum on h1 time frame, as the price holds the last support at 4667.706. In addition, the m15 time frame follows the broader time frame bullish price structure, while the trading above key support at 4667.706 on m15 time frame. Meanwhile the price established the fresh support zone on m15 time frame at 4672.584 – 4667.609 and h1 at 4676.493 – 4667.706. In addition, until the price holds the last support at 4667.706 h1, the structure remains bullish.
Support Zones
M15 Support Zone
4672.584 – 4667.706
Fresh Demand Zone
Multi Time Frame Alignment Area
H1 Support Zone
4676.493 – 4667.706
Fresh Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
4894.763 – 4898.728
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
4858.616 – 4865.900
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to continue the further upside momentum. As a result, the price holds the last support at 4667.706 on h1. Therefore, a break below 4667.706 on h1 time frame. The price would confirm the character shift towards the bearish side, while establishing the fresh resistance at 4710.963 – 4724.467 on h1 time frame. On the other hand, if price closes below 4667.706 on m15 time frame, the price may confirm the change of character on m15 time frame. As a result the price would confirm the fresh resistance at 4710.963 – 4724.467 on m15 . Moreover, as long as the price trades above the last support at 4667.706 on h1 , the further bullish momentum would remain intact.
Nyc Session Update
The h1 time frame is likely to continue the bullish momentum on h1 time frame, until price trades above the last support at 4667.706 on h1. In addition, the m15 time frame established the fresh support at 4718.280 on m15. Meanwhile the h1 time frame hasn’t formed any fresh support on h1. As a result the higher time frame support would remain valid at 4676.506 on h1.
Key support & Resistance Zone
M15 Support Zone
4718.280 – 4714.054
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4676.493 – 4667.706
Fresh Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
4894.763 – 4898.728
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
4858.616 – 4865.900
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue to trade in bullish momentum, as the price trades above the last support at 4667.706 on h1. Therefore, a break below 4667.706 on h1 time frame. The price would confirm the character shift towards the bearish side, while establishing the fresh resistance at 4710.963 – 4724.467 on h1 time frame. On the other hand, if price closes below 4714.054 on m15 time frame, the price may confirm the change of character towards the bearish side on m15 time frame. As a result the price would confirm the fresh resistance at 4732.270 – 4740.429 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.