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 to trade in bullish direction while trading above the last support at 5156 on higher time frame h1 and m15. Meanwhile there is no near by support established by the price.
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades in bullish momentum but the price hasn’t established or formed any new support on higher time frame h1 as well as shorter time frame m15. Meanwhile short term pending support will remain valid at 5130.528 – 5125.029
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
As the price continues to trade in bullish, meanwhile no new resistance formed by the price on h1 and m15. The pending resistance at h4 will remain valid at 5250.
Session Strategy
The buyers are dominating the price on h1, while no fresh support established by the price on m15 and h1 time frame. Meanwhile short term support will remain valid at 5130. A break below 5185 on m15 would establish change of character on m15 while forming the fresh resistance at 5221. If market looses 5156 on h1. The price would form a character shift on h1 while establishing the fresh resistance on h1 at 5183. Reclaiming 5238 then the price would form the new support at 5191 on h1. Until that m15 support will remain valid at 5130 and upside continues until price holds 5156 on h1.
Nyc Session Outlook
The price continues to trade in bullish structure on higher time frame h1 but the price shifted its character on m15 shorter time frame while giving decisive close below 5185 and established new fresh short term resistance at 5221.
Key Support And Resistance Zone
Support Zone
M15 Support Zone/H1 Support Zone
As the price trades in bullish momentum but the price hasn’t established or formed any new near by support on higher time frame h1. Meanwhile short term pending support will remain valid at 5130.528 – 5125.029 and the major support h1 pending support will remain at 4961.422 – 4960.656
M15 Resistance Zone\H1 Resistance Zone
As the price shifted its character on m15 time frame while establishing the fresh resistance at 5221.628 – 5228.648. Meanwhile the major resistance will remain at 5244.920 – 5250.005 h4.
Session Strategy
The buyers are dominating the higher time frame bias while defending the last support at 5156. Meanwhile if price closes below 5175 on m15 then the price would establish new resistance at 5191. on the other hand a close below 5156 on higher time frame h1 would form a character shift on h1 time frame while establishing the fresh resistance on higher time frame at 5183. If price closes above 5238 then the price would form the new support at 5191 on higher time frame h1. Until that short term sellers will remain interested.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always manage your risk and trade responsibly.