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 trades in bearish structure. Meanwhile the price holds the last resistance at 5063.976. In addition the price remains in consolidation from the past 2 days. Moreover the price hasn’t established any new resistance in the bearish structure. On the other hand, even the price hasn’t established any character shift towards the bullish side. Therefore the price is ranging between 5044 to 4967. Meanwhile, the price is ranging, therefore the pending zone would remain valid on both the time frame m15 and h1.
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. Meanwhile at the same time price is ranging. Therefore, 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. Meanwhile at the same time price is ranging. However, 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 and ranging at the same time. 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
Although the price continues its bearish structure on higher time frame, while holding the last resistance at 5016.558 on h1 higher time frame. Meanwhile the price established fresh resistance at 5016.558 on h1 time frame, while giving the decisive close below 4967.997.
Key Resistance & Support Zone
M15 Resistance Zone
4993.371 – 4995.810
Pending Supply Area
Multi Time Frame Resistance Confluence Zone
H1 Resistance Zone
5009.443 – 5016.558
Pending Supply Area
Higher Time Frame Resistance Zone
Session Strategy
Although the higher time frame structure favors the sellers. Meanwhile the price established fresh resistance at 5016.558 on h1 time frame. Therefore, a close above 5016.558 on h1 time, would establish change of character on higher time frame. Meanwhile forming the fresh support at 4987.370 on h1 time frame. Similarly on the other hand a decisive close above 4995.810 on m15 time frame, would establish the change of character on m15 time frame. As a result the price may confirm the fresh support at 4985.389. As long as the price holds the resistance at 5016 on h1 time frame, furthermore downside will remain intact.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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.