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 time frame. Therefore the price holding the last resistance at 4867.286 on h1 time frame. Meanwhile the m15 time frame confirmed the change of character, while establishing the fresh demand zone at 4636.044. On the other hand, if price looses 4634.364 on m15 time frame, then the price would confirm change of character on m15 time frame while establishing the fresh resistance at 4670.901. Moreover the price hasn’t established any fresh resistance on h1 time frame. Until 4634.364 remains intact on m15 time frame, short term buyers will remain interested.
Resistance Zones
M15 Resistance Zone
4865.902 – 4867.286
Pending Supply Zone
Key Resistance Area
H1 Resistance Zone
4858.616 – 4867.286
Pending supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4636.044 – 4634.529
Fresh Demand Zone
Short Term Intraday Support Region
H1 Support Zone
4325.354 – 4302.546
Pending Supply Zone
Higher Time Frame Support Base
Session Strategy
Although the price trades in bearish structure on h1 time frame. Meanwhile holding the last resistance at 4867.236. Therefore a close above 4867.236 on h1 time frame. As a result the price could confirm the change of character on h1 time frame. Meanwhile forming the fresh support at 4818.250. Moreover, a sustained close above 4736.179 on h1 time frame. However the price could establish character shift towards the bullish side, while forming the fresh support at 4669.018. Until 4634.529 remains intact on m15 time frame, short term buyers will remain interested.
Nyc Session Outlook
Although the price trades in bearish structure on h1 time frame. Meanwhile the price holds the last resistance at 4867.236. Therefore the m15 time frame hasn’t established any fresh demand zone on m15. On the other hand, the h1 time frame hasn’t established any fresh resistance on h1 time frame. Meanwhile awaiting for the structure.
Key Resistance & Support Zone
Resistance Zone
M15 Resistance Zone
4865.902 – 4867.286
Pending Supply Zone
Key Resistance Area
H1 Resistance Zone
4858.616 – 4867.286
Pending supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4636.044 – 4634.529
Fresh Demand Zone
Short Term Intraday Support Region
H1 Support Zone
4325.354 – 4302.546
Pending Supply Zone
Higher Time Frame Support Base
Session Strategy
Therefore the price trades in bearish structure on h1 time frame. As a result, the price holds the last resistance at 4867.286. In addition, a close above 4867.236 on h1 time frame. As a result the price could confirm the change of character on h1 time frame. Meanwhile forming the fresh support at 4818.250. Moreover, a sustained close above 4736.179 on h1 time frame. However the price could establish character shift towards the bullish side, while forming the fresh support at 4665.571. As long as the 4634.597 remains intact on m15 time frame, short term buyers will remain interested.
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.