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. As a result, the price holds the last resistance at 1.34672 on h1 time frame. On the other hand the m15 time frame trades in bearish structure. Therefore the price decisively close below the 1.33890 on m15 time frame. Meanwhile the price hasn’t established any fresh resistance on any time frame. Meanwhile awaiting for the new structure.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
Although the price trades in bearish structure on h1 and m15 time frame. Therefore the price hasn’t established any fresh supply zone on any time frame. Meanwhile the valid h1 higher time frame resistance would remain valid at 1.35080 – 1.34966
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 and m15 time frame. Therefore the price hasn’t established any fresh demand zone on any time frame. Meanwhile the valid h1 higher time frame support zone would remain valid at 1.31837 – 1.31800
Session Strategy
Although the sellers are dominating higher time frame bias h1. Meanwhile the price holds the last resistance on h1 at 1.34672. Therefore, a decisive close above 1.34672 on h1 time frame. As a result, the price could confirm the character shift towards the bullish side, while establishing the fresh support at 1.33533. On the other hand, reclaiming the 1.34794 on m15 time frame. As a result the price may confirm the change of character towards the bullish side, while forming the fresh support at 1.34348. Until 1.34672 remains intact, the sellers would remain intact.
Nyc Session Outlook
Although the sellers are dominating the price on h1 time frame, while holding the last resistance at 1.34672 on h1. On the other hand, the m15 time frame following the higher time frame bearish structure while holding the last resistance at 1.34794. In addition, the price hasn’t established any fresh supply zone on any time frame m15 & h1 time frame. Meanwhile awaiting for the new structure. A decisive close above 1.34794 could confirm the character shift and expose the fresh support at 1.33904 on h1 time frame.
Key Resistance & Support Zone
M15 Resistance Zone
1.34957 – 1.35080
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.34966 – 1.35080
Pending supply Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 and m15 time frame. Therefore the price hasn’t established any fresh demand zone on any time frame. Meanwhile the valid h1 higher time frame support zone would remain valid at 1.31837 – 1.31800.
Session Strategy
Although the sellers are in the control on h1 higher time frame. However the price holds the last resistance on h1 at 1.34672. Therefore, a decisive close above 1.34672 on h1 time frame. As a result, the price could confirm the character shift towards the bullish side, while establishing the fresh support at 1.33533. In addition, reclaiming the 1.34794 on m15 time frame. As a result the price may confirm the change of character towards the bullish side, while forming the fresh support at 1.34348. Until 1.34672 remains intact, the sellers would 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.