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 may continue its bearish price structure on h1 time frame, as long as the price holds the last resistance at 1.33783 on h1. Meanwhile the price shifted its character on m15 time frame, by giving the decisive close above 1.33298 on m15. In addition the price established fresh demand at 1.33257. Moreover, a break above 1.33469 on m15 time frame. As a result the price may establish the fresh support at 1.33369. the sellers may continue the dominance, until 1.33783 remains intact on h1.
Resistance Zones
M15 Resistance Zone
1.33909 – 1.33929
Pending Supply Area
Short Term Intraday Resistance Area
H1 Resistance Zone
1.33845 – 1.33929
Pending Supply Area
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone
1.33257 – 1.33224
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.33018 – 1.32989
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the price is likely to continue bearish price structure on h1 time frame. As a result price holds the last resistance at 1.33783 on h1. Therefore, reclaiming the 1.33783 on h1 time frame. As a result, price may establish the change of character on bullish side, while establishing the fresh support at 1.33263 on h1. In addition, a close below 1.33224 on m15 time frame, as the price may confirm the character shift towards the bearish side. As a result, price may establish the fresh resistance area at 1.33378. Until 1.33224 remains intact on m15 time frame, the short term buyers would remain intact.
Nyc Session Outlook
Although the price is likely to continue the bearish price structure on h1 time frame, as the price trades below the key resistance at 1.33745 on h1 time frame. Meanwhile the price established fresh resistance on h1 time frame at 1.33433 . On the other hand, the price established character shift towards the bearish side, while giving decisive close below 1.33351 on m15 time frame. As a result, price formed the fresh resistance at 1.33195 on m15.
Key Resistance & Support Zones
M15 Resistance Zone
1.33195 – 1.33210
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
c- 1.33745
Fresh Supply Zone
Higher time Frame Resistance Area
Support Zone
M15\H1 Support Zone
Although the price trades in bearish price structure on both time frame h1 and m15. Meanwhile the price hasn’t established any fresh support zone on any time frame. Therefore the pending support zone would remain valid at 1.33018 – 1.32989
Session Strategy
Although the price may continue to trade in bearish price structure, as the price trades below the key resistance at 1.33745. Therefore, reclaiming the 1.33745 on h1 time frame. As a result, price could establish the change of character towards the bullish side, while forming the fresh support at 1.33134 – 1.33105 on h1. On the other hand, a decisive close above 1.33210 on m15 time frame, the price may confirm the character shift towards the bullish side. As a result, price would confirm the fresh support at 1.33135 – 1.33105 on m15 time frame. In addition, until 1.33210 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.