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 on higher time frame h1. Therefore the higher time frame h1 shifted its character at the time of asian open today. Meanwhile giving the decisive close below 1.14661. As a result the price established fresh resistance at 1.15186. Meanwhile sellers are defending the resistance area at 1.15297 on h1 time frame. In addition a close below 1.14501 on higher time frame h1, then the price may confirm the fresh resistance on h1. As long as the price holds 1.15297 on h1, the further downside would remain continue.
Resistance Zones
M15 Resistance Zone
1.15224 – 1.15266
Fresh Supply Area
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15166 – 1.15297
Fresh Supply Area
Higher Time Frame Resistance Zone
Support Zones
M15 Support Zone
1.14375 – 1.14331
Pending Demand Area
Short Term Intraday Support Zone
H1 Support Zone
1.14452 – 1.14331
Pending Demand Area
Higher Time Frame Support Zone
Session Strategy
Although the price trades in bearish structure on h1 time frame. Meanwhile the sellers are defending last resistance at 1.15297 on h1 time frame. In addition, reclaiming the 1.15297 on h1 time frame. As a result the price may establish the character shift towards the bullish side. Meanwhile establishing the fresh support zone at 1.15072. On the other hand, a close above 1.15297 on m15 time frame. As a result, the price would establish character shift on m15. Therefore establishing the fresh support at 1.14951. A sustained close below 1.14500 would expose the fresh resistance at 1.14914 on h1 time frame.
Nyc Session Outlook
Therefore the price trades in bearish structure, as the price holds the last resistance at 1.15297 on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on any time frame. However 1.15165 would act as the valid supply zone on h1 time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.15224 – 1.15266
Fresh Supply Area
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15166 – 1.15297
Fresh Supply Area
Higher Time Frame Resistance Zone
Support Zones
M15 Support Zone
1.14375 – 1.14331
Pending Demand Area
Short Term Intraday Support Zone
H1 Support Zone
As the price trades bearish in h1 time frame. Meanwhile the price hasn’t established any fresh or pending support zone. Meanwhile awaiting for the new structure.
Session Strategy
Although the higher time frame favors sellers, while trading below the last resistance 1.15297 on h1 time frame. Reclaiming the 1.15297 on h1 time frame. As a result the price could establish the character shift on h1 time frame, while establishing the fresh support at 1.15072. On the other hand, a close above 1.15297 on m15 time frame. As a result, the price would establish character shift on m15. Therefore establishing the fresh support at 1.14951. A sustained close below 1.14500 would expose the fresh resistance at 1.14914 on h1 time frame.
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.