M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price continues to trades in bearish structure, meanwhile trading below the last resistance at 5063.976. In addition the m15 price follows the h1 time frame, as a result the price trades in bearish structure on m15 time frame. Moreover a close below 4970.595 on h1 time frame, as a result the price may establish new resistance on h1 time frame. As long as the price holds 5063.976 on h1 time frame, as a result h1 time frame will remain bearish.
Resistance Zones
M15 Resistance Zone
5056.541 – 5063.976
Pending Supply Zone
Short Term Intraday Supply Zone
H1 Resistance Zone
5046.623 – 5063.976
Pending Supply Zone
Higher Time Frame Supply Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame, as a result the price hasn’t established any near by or pending support on m15 time frame. Meanwhile awaiting for the new structure to be formed.
H1 Support Zone
Although the price trades in bearish structure on h1 time frame, as a result the price hasn’t formed any new support on h1 time frame. Meanwhile the pending support will remain at 4961.422 – 4960.656
Session Strategy
Although the price trades in bearish structure on h1 and m15 time frame, therefore price established the resistance at 5063.976 on h1 higher time frame. In addition, a close below 4970.595 on h1 time frame, as a result the price would confirm the new resistance at 5038.100 on h1 time frame. On the other hand, a decisive close above 5063, as a result the price may confirm the structure shift towards the bullish side, as a result the price would the new support at 5034.807 – 5019.660. Until that furthermore downside will remain intact.
Nyc Session Outlook
The higher time structure favors the sellers, therefore the price trades below the last resistance at 5063.976. In addition, a close above 5063.976 would confirm the character shift on h1 time frame, as a result the price may establish the fresh support on h1 time frame. As long as the price holds the last resistance at 5063, furthermore downside will remain expected.
Key Resistance & Support Zone
M15 Resistance Zone
5056.541 – 5063.976
Pending Supply Zone
Short Term Intraday Supply Zone
H1 Resistance Zone
5046.623 – 5063.976
Pending Supply Zone
Higher Time Frame Supply Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame, as a result the price hasn’t established any near by or pending support on m15 time frame. Meanwhile awaiting for the new structure to be formed.
H1 Support Zone
Although the price trades in bearish structure on h1 time frame, as a result the price hasn’t formed any new support on h1 time frame. Meanwhile the pending support will remain at 4961.422 – 4960.656.
Session Strategy
The sellers are dominating the price on the higher time frame h1, therefore the price trades below the last resistance at 5063.976. In addition, a sustained close above 5063.976 on h1 time frame, as a result the price may confirm the fresh support at 5034.915 – 5019.887 on h1 time frame. On the other hand, a break above 5063.976 on m15 time frame may confirm the character shift towards the bullish side, as a result the price may establish fresh support at 5032.025 – 5019.887. As long as the price holds the last resistance at 5063.976 on h1 and m15 time frame, furthermore downside would remain expected.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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.