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 higher time frame. As a result, price holds the last resistance 1.15548 on h1. Meanwhile, m15 time frame follows the broader time frame bearish structure, as the price holds the resistance at 1.15548 on m15. Moreover the price hasn’t established any fresh resistance on h1 and m15 time frame. As a result, the higher time frame resistance would remain valid at 1.16232. On the other hand, shorter time frame resistance remain valid at 1.15631.
Resistance Zones
M15 Resistance Zone
1.15631 – 1.15649
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.16232 – 1.16302
Pending Resistance Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on both the time frame h1 and m15. Meanwhile the price hasn’t established any fresh or pending support zone on any time frame. Meanwhile awaiting for the new structure.
Session Strategy
Although the price may continue its bearish structure on both the time frame, as the price holds the last resistance at 1.15548 on m15 and h1 both the time frame. Therefore, a close above 1.15548 on h1 time frame. As a result, price may establish the character shift towards the bullish side, while forming the fresh support at 1.15242 on h1. On the other hand, reclaiming the 1.15548 on m15 time frame, the price may confirm the change of character on m15 time frame. As a result, price would expose the fresh support at 1.15242. Until 1.15548 remains intact, the downside remains intact.
Nyc Session Outlook
Although the price is likely to continue the bearish structure, as the price trades below the key resistance at 1.15460. Meanwhile the price established fresh resistance zone at 1.15427 on h1 time frame. On the other hand, price formed the fresh resistance zone at 1.15233, while giving the decisive close below the 1.15160 on m15.
Key Resistance & Support Zone
M15 Resistance Zone
1.15233 – 1.15252
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.15427 – 1.15460
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zone
M15 \ H1 Support Zone
Although the price trades in bearish structure on both the time frame h1 and m15. Meanwhile the price hasn’t established any fresh or pending support zone on any time frame. Meanwhile awaiting for the new structure.
Session Strategy
Although the price may continue its bearish price structure on h1, as the price trades below the key resistance 1.15460 on h1. Therefore, reclaiming the 1.15460 on h1 time frame. As a result, the price could confirm the character shift towards the bullish side, while forming the fresh support at 1.15219 on h1. Moreover, a decisive close above 1.15252 on m15 time frame, may confirm the change of character on m15. As a result, price could confirm the fresh support at 1.15188. Until 1.15252 remains intact on m15, the downside 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.