M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
The structure is bullish, while making higher high and higher low on higher timeframe but the established change of character on m15 time frame, establishing the fresh resistance at 158.662 on m15 but the broader time frame will remain bullish until price holds the support at 157.587 on h1 timeframe.
Support Zones
M15 Support Zone
158.283 – 158.208
Short term Fresh Support Area
Intraday Demand Zone
H1 Support Zone
157.587 – 157.515
Higher Time frame Fresh Support Zone
High Probability Support Area
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
As the price is continuing its bullish momentum on higher time frame, hasn’t formed or established any new resistance on higher timeframe, meanwhile due to the change of character in m15 timeframe, the price has established short term resistance at 158.662 on m15 time frame
Session Strategy
The buyers are dominating the price on higher time frame, while the short term sellers are present at 158.662 on m15 time frame. The bullish momentum intact for now until the price holds 157.587 on higher time frame h1. If price decisively closes below 157.515 on higher time frame then price would establish new fresh resistance at higher time frame at 158.005 on h1. Until that resistance will be on m15 time frame at 158.662.
Nyc Session Outlook
The price is bullish on higher time frame h1 but the price continues its bearish structure on shorter time frame m15. The price continues to respect the sellers on the shorter time frame m15 while holding the resistance at 158.739. A decisive close 158.901 on m15 could establish dual change of character on m15.
Key Resistance and Support Zones
M15 Resistance\H1 Resistance: The price is bullish on higher timeframe, hence hasn’t established any new resistance at h1, meanwhile the price shifted it’s character on m15 during mid asian session and established the fresh resistance at 158.662 but the price tapped 158.662 in london session hence no new resistance established by the price on m15. Awaiting for the new structure.
M15 Support: The price hasn’t formed any new support on m15 time frame, as the price trades in bearish structure on m15 timeframe
H1 Support
157.587 – 157.515
Intraday Support Region
Higher Time Frame Support Confluence
Session Strategy
Although the price trades bullish on higher time frame h1, establishing the support at 157.587. On the other hand m15 structure is bearish while no new resistance formed by the price on m15 time frame. In addition, a decisive close above 158.901 on m15 would establish dual change of character on m15 while forming the fresh support at 158.739. If price closes below 158.208 on m15 then the price can approach the h1 support at 157.587.
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.