M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the structure favors the sellers on h1 higher time frame. Meanwhile the price holds the last resistance at 1.34673. In addition the m15 time frame follows the broader time frame bearish structure. As a result the price trades in consolidation. Moreover the hasn’t established any fresh resistance zones on any time frame. Meanwhile awaiting for the new structure. In addition, close below 1.33529 on m15 time frame could expose the fresh resistance.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
Although the price trades in bearish structure on m15 and h1 time frame. Meanwhile the price hasn’t established any fresh supply zone on any time frame. Therefore the higher time frame supply would remain at 1.34966 – 1.35080
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on m15 and h1 time frame. As a result the price hasn’t established any fresh demand zone on m15 and h1 time frame. As a result the higher time pending demand zone would remain at 1.31942 – 1.31800
Session Strategy
As the price trades in bearish structure on both the time frame m15 and h1. Meanwhile the price trades in the consolidation. As a result the price hasn’t established any fresh supply zone. In addition, a close below 1.33531 on h1 time frame. As a result the price may confirm the fresh resistance zone at 1.34362. Moreover, close below 1.33529 on m15 time frame could expose the fresh resistance at 1.34362. The downside remain intact until the price holds 1.34672 on h1.
Nyc Session Outlook
Although the price trades in bearish structure on h1 time frame. Meanwhile the price holds last resistance at 1.34671 on h1 time frame. Moreover the price is ranging on m15 time frame. In addition, a break below 1.33527 on m15 time frame, could confirm the fresh resistance on m15. Until 1.33527 remains intact on m15 time frame, the upside momentum or consolidation may continues.
Key Resistance & Support Zones
M15 Resistance Zones\H1 Resistance Zone
Although the price structure favor the sellers on m15 and h1 time frame. In addition, the price hasn’t established any fresh supply zone on any time frame. However the higher time frame supply would remain at 1.34966 – 1.35080.
Support Zones
M15 Support Zone\H1 Support Zone
Although the sellers are dominating the price structure on m15 and h1 time frame. Therefore the price hasn’t established any fresh demand zone on m15 and h1 time frame. In addition, the higher time pending demand zone would remain at 1.31942 – 1.31800.
Session Strategy
Although the sellers are dominating the structure on h1 higher time frame, as the price holds the resistance at 1.34671. As a result the price hasn’t established any fresh supply zone on h1. Therefore, a close below 1.33531 on h1 time frame. As a result the price may confirm the fresh resistance zone at 1.34362. Moreover, close below 1.33529 on m15 time frame could expose the fresh resistance at 1.34362. The downside remain intact until the price holds 1.34672 on h1.
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.