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. Therefor the price closes below 1.33045 on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on h1 time frame. In addition, a decisive close below 1.32991 on h1 time frame, may confirm the fresh resistance.
Resistance Zones
M15 Resistance Zone
1.33836 – 1.33898
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on h1. A decisive close below 1.32991 on h1 time frame, may confirm the fresh resistance on h1 time frame .
Support Zones
M15 Support Zone
1.33460 – 1.33532
Pending Demand Area
Short Term Intraday Support Base
H1 Support Zone
1.32440 – 1.32310
Pending Demand Area
Higher Time Frame Support Confluence
Session Strategy
Although the price trades in bearish structure on h1 higher time frame. As the price holds 1.34671 on h1 time frame. In addition, a break above 1.34671 on h1 time frame may confirm the character shift towards the bullish side on h1 time frame. As a result the could establish the fresh support on h1 time frame. On the other hand, a decisive close above 1.33532 on m15 time frame. As a result the price may establish the change of character, while forming the fresh support at 1.33018 on m15 time frame. Moreover, a close below 1.32991 on h1 time frame, could expose the fresh resistance at 1.33369.
Nyc Session Outlook
Although no trade in nyc today. In addition, as the structure isn’t clear yet.
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.