M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Support Zones
M15 Support Zone
157.974 – 157.924
Fresh Support Zone
Short Term Intraday Demand Zone
H1 Support Zone
157.594 – 157.540
Fresh Support Zone
Higher Time Frame Support Confluence
Resistance Zones
M15 Resistance Zone\H1 resistance Zone
As the the price trades in bullish structure hasn’t established any new near by resistance on higher time frame h1 as well as on shorter timeframe m15. Awaiting for the new structure to be formed.
Session Strategy
The buyers are controlling the higher time frame bias while defending the support at 157.594 on higher time frame. Meanwhile short term support will remain valid at 157.974. A decisive close 157.924 would establish the change of character on shorter time frame m15 while establishing the new resistance at 158.168. On the other hand if price closes below 157.540 on higher time frame h1 would expose the level at 157.891 which could act as the new fresh resistance on h1 time frame. Until the price holds 157.540 on higher time frame h1 and 157.924 on shorter time frame m15, bullish momentum will remain intact.
Nyc Session Outlook
The price continues its bullish momentum, making the higher high and higher low on shorter time frame m15, meanwhile the price established the fresh support at 157.997 on h1 higher time frame by giving the decisive close above 158.394.
Key Support and Resistance Zones
Support Zone
M15 Support Zone
157.910 – 157.870
Fresh Support Zone
Short Term Intraday Support Zone
H1 Support Zone
157.999 – 157.870
Fresh Support Zone
Higher Time Frame Support Confluence Zone
M15 Resistance And H1 Resistance Zone
As the price continues the bullish momentum. Meanwhile the price hasn’t established any fresh resistance on m15 and h1. Awaiting for the new structure to be formed.
Session Strategy
Although the buyers are controlling the higher time bias while defending the support at 157.870 on higher time frame h1. In addition, a decisive close below 157.870 would form the change of character on m15 and on h1 both the time frame. As a result, the price could expose the new resistance at 158.296 on h1 higher time frame and on the m15 shorter time frame the price would expose the new resistance at 158.394. Until the price holds the support at 157.870 in both the time frame, the upside momentum will remain intact.
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.