M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
The price continues it’s bullish momentum followed by last weeks bullish structure, But the price shifted its character on m15 time frame, while giving the sustained close below 159.554. As long as the price holds the last support at 159.012 on h1 higher time frame, the broader bis will remain bullish. On the other hand a decisive close below 159.012 on h1 time frame, as a result the price would establish the character shift towards bullish side. Unless this resistance levels remains intact furthermore downside will remain expected.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
159.101 – 159.012
Pending Support Zone
Multi Time Frame Resistance Zone
H1 Support Zone
159.101 – 159.012
Pending Support Zone
Higher Time Frame Resistance Zone
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
Although the structure is bullish on higher time frame , but the price has established change of character on m15 time frame but hasn’t formed new resistance yet as the previous one already tapped at 159.656.
Session Strategy
The structure favors the buyers on higher time frame, as long as the last support at 159.012 remains intact. Incase if price closes below 159.012 on h1 higher time frame, as a result the price would confirm the character shift towards the bearish side on higher time frame, while making the new fresh resistance at 159.150 on h1 time frame. Similarly on the other hand, the price trades in bearish structure on m15 time frame, although the price hasn’t established new resistance on m15 time frame, although the break below 159.258, could confirm the new resistance at 159.590 – 159.641. Unless the 159.012 remains intact on h1 higher time frame, furthermore bullish momentum will remain expected.
Nyc Session Key Support & Resistance Zone
The price continues its bullish structure as long as the trading the last support at 159.012. Although the price established character shit in m15 during mid asian session, therefore the price established new resistance at 159.592 – 159.640. On the other hand, a sustained close below 159.012 may confirm the character shift towards the bearish side, while establishing the fresh resistance on h1 higher time frame at 159.508 – 159.688. However the bullish momentum remains intact, unless the price holds 159.012.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. It does not constitute financial advice. Always manage your risk and trade responsibly.