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 is likely to continue the bearish price structure on h1 time frame, as the price holds the last resistance at 4736 on h1. Meanwhile the price hasn’t established any fresh support zone on h1 time frame. In addition, the price shifted its character on m15 time frame 4402 from bearish to bullish side, As a result price established the fresh support at 4443, but 4443 is already tapped by the price. Meanwhile the short term support would remain valid at 4429. Moreover a decisive close below 4101 on h1 time frame, may confirm the fresh resistance on h1.
Resistance Zones
M15 Resistance Zone
4483.421 – 4485.428
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.770 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4429.719 – 4424.990
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may continue its bearish price structure on h1 time frame, as the price holds the last resistance at 4736 on h1. Therefore, reclaiming the 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 time frame. Moreover, if price looses 4440 on m15 time frame. As a result the price may establishing the change of character on m15 time frame while forming the fresh resistance at 4445. Until 4440 remains intact on m15, upside continues.
Nyc Session Outlook
Although the price continue its bearish structure on h1 time frame, as the price trades below the key resistance zone at 4736 on h1. Meanwhile the price established change of character on m15, as the price closes below 4440.709 on m15. As a result, price established the fresh resistance at 4434 on m15 time frame.
Key Resistance & Support Zone
M15 Resistance Zone
4434.798 – 4438.452
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.770 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zone
M15 Support Zone
4378.795 – 4375.620
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may continue its bearish price structure on h1 time frame, as the price holds the last resistance at 4736 on h1. Therefore, reclaiming the 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 time frame. In addition, reclaiming 4438.452 on m15 time frame. As a result the price may establishing the change of character on m15 time frame while forming the fresh support at 4424. Until 4438 remains intact on m15, downside continues.
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.