M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
The price trades in bullish structure on both the time frame h1 and m15. The m15 established dual change of character during mid asian session. At the time of asian open the price shifted its character from bullish to bearish while establishing the fresh resistance at 159.228 but during mid asian the m15 price shifted its character again from bearish bullish while establishing the fresh resistance at 159.290.
Support Zones
M15 Support Zone
159.288 – 159.218
Fresh Support Area
Short Term Intraday Demand Zone
H1 Support Zone
159.096 – 159.014
Fresh Support Area
Higher time frame Demand Zone
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
As the price trades in bullish structure on both the time frame m15 and h1, meanwhile no fresh or pending resistance established by the price on m15 and h1. Hence awaiting for the new structure.
Session Strategy
The buyers are controlling the higher time frame bias until the price holds the last support at 159.096. A break below 159.014 could establish the change of character on h1 higher time frame and on m15 shorter time frame, while forming the fresh resistance at 159.405. A decisive close above 159.687 on m15 would establish the new fresh support at m15 time frame. Until the price holds 159.014 on higher time frame, the bullish remains intact.
Nyc Session Outlook
The price continues its bullish structure while holding the last support at 159.014 on h1 higher time frame. Meanwhile the price hasn’t established or formed any new support on any time frame h1 and m15. Awaiting for the new structure to be formed.
Key Support and Resistance Zone
M15 Support Zone
159.033 – 159.014
Pending Support Zone
Short Term Intraday Support Zone
H1 Support Zone
159.095 – 159.014
Pending Support Zone
Higher Time Frame Alignment Zone
M15 & H1 Resistance Zone
As the price trades in bullish structure on both the time frame m15 and h1, meanwhile no fresh or pending resistance established by the price on m15 and h1. Hence awaiting for the new structure.
Session Strategy
Although the buyers continue to dominate the price on higher time frame while defending the last support at 159.014 on h1 higher time frame. A decisive close above 159.687 on m15 would establish the new fresh support at m15 time frame. A sustained close below 159.014 on h1 higher time frame would establish the character shift in m15 and h1 both the time frame while forming fresh resistance at 159.405. Till that the buyers will remain in control until the price holds 159.014 on h1 higher 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.