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 h1 higher time frame. Meanwhile holding the last resistance at 159.902 on h1. Although the price hasn’t established any fresh resistance on h1 time frame. Moreover, a break below 158.070 on m15 time frame. As a result, the price established fresh resistance on m15 time frame at 158.525.
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 and m15 both the time frame. Meanwhile the price hasn’t established any fresh support on both the time frame. Therefore awaiting for the new structure. In addition, as long as the price holds 159.902 on h1 time frame, bearish structure remains intact
Resistance Zones
M15 Resistance Zone
158.525 – 158.564
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
159.498 – 159.588
Pending Supply Area
Higher Time Frame Resistance Zone
Session Strategy
Although the price trades in bearish structure on h1 time frame. As a result the price holds the last resistance at 159.902 on h1. In addition, a break above 158.564 on m15 time frame. As a result the price may establish the change of character on m15 time frame. Meanwhile establishing the fresh support at 158.175. On the other hand, reclaiming the 159.902 on h1 time frame. As a result the price would establish the dual change of character on h1 time frame. Therefore, establishing the fresh support at 159.498 on h1. Moreover, until 159.902 remains intact on h1 time frame, As a result the downside may remains intact.
Nyc Session Outlook
Although the price trades in bearish structure. Meanwhile m15 time frame shifted its character, while giving the decisive close above 158.564 on m15. Therefore the price established fresh support at 158.297 on m15. Meanwhile h1 remain bearish, as the price holds the resistance at 159.902
Key Resistance & Support Zone
M15 Resistance Zone
159.220 – 159.297
Pending Supply Zone
Probable Resistance Region
H1 Resistance Zone
159.498 – 159.588
Pending Supply Area
Higher Time Frame Resistance Zone
Support Zone
M15 Support Zone
158.297 – 158.273
Fresh demand Zone
Shorter Time Frame Support Zone
H1 Support Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh support on h1 time frame. Therefore awaiting for the new structure. In addition, as long as the price holds 159.902 on h1 time frame, bearish structure remains intact
Session Strategy
Although the price trades in bearish structure, as the price holds the last resistance at 159.902 on h1 time frame. In addition, reclaiming the 159.902 on h1 time frame. As a result the price would establish the dual change of character on h1 time frame. Therefore, establishing the fresh support at 159.498 on h1. On the other hand, a decisive close below 158.273 on m15 time frame. As a result, the price may confirm change of character on m15 time frame. Meanwhile establishing the fresh resistance at 158.415. In addition, as long as the price holds 159.902 on h1 time frame, bearish structure remains 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.