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 structure favors the sellers on h1 time frame. As a result the price holds the last resistance at 4736. Meanwhile the m15 time frame shifted its character, by giving the close above 4513. As a result the price established fresh support on m15 time frame at 4456. In addition, a break above 4602 on h1 time frame, may establish the change of character on h1 time frame towards the bullish side.
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.865 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4468.816 – 4456.416
Fresh Demand Zone
Short Term Intraday Support Region
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the sellers are dominating the price on h1 time frame. Meanwhile holding the last resistance at 4736 on h1 time frame. Therefore, a break 4736 on h1 time frame. As a result the price may confirm character shift towards the bullish side on h1 time frame. Meanwhile establishing the fresh support at 4575 on h1. On the other hand, if price looses 4456.416 on m15 time frame. As a result the price could confirm the change of character towards the bearish side, while establishing the fresh resistance at 4483. Moreover, a decisive close above 4602 on h1, could establish character shift towards the bullish side, while forming the fresh support at 4545.
Nyc Session Outlook
Although the price may continue to trade in bearish, as the price holds the last resistance at 4736. Meanwhile the price hasn’t established any fresh supply zone on h1 and on the other hand the price hasn’t formed any fresh demand zone on m15. Therefore awaiting for the new structure.
Key Resistance & Support Zones
Resistance Zones
M15 Resistance Zone
4671.116 – 4677.093
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.865 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4468.816 – 4456.416
Pending Demand Zone
Short Term Intraday Support Region
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price could continue the bearish momentum on h1 time frame, if price holds the last resistance 4736. Meanwhile, a close above 4602 on h1 time frame, could confirm the character shift towards the bullish side while establishing the fresh support at 4539. On the other hand a decisive close above 4602 may confirm the fresh support at 4534 on m15. Moreover, a break below 4456 could confirm the change of character on m15 time frame. As a result the price would form a fresh resistance at 4483. Until 4456.416 remains intact on m15, the upside 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.