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 extend its bearish price structure on h1 time frame, as long as the price trades below the key resistance zone at 1.32826 on h1. Meanwhile the price hasn’t established fresh resistance area on h1 time frame. In addition, the m15 time frame confirmed the change of character towards the bullish side. As a result, price closed above 1.32039 on m15. Moreover, a close below 1.31597 on h1, may confirm the fresh resistance zone at 1.32101 – 1.32245 on h1
Resistance Zones
M15 Resistance Zone
1.32438 – 1.32539
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.32728 – 1.32823
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.31755 – 1.31797
Fresh Demand Area
Short Term Intraday Support Base
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price is likely to continue downside momentum, as the price trades below the key resistance zone at 1.32823 on h1. Therefore, a close above 1.32823 on h1 time frame, would confirm the change of character on h1 time frame. As a result the price would establish the fresh support zone at 1.32380 – 1.32330 on h1. On the other hand, if price looses 1.31597 on m15 time. As a result, price may establish the character shift towards the bearish side, while forming the fresh resistance at 1.31755 – 1.31797 on m15. As long as the price holds the 1.31597 0n m15 time frame, the short term buyers would remain intact.
Nyc Session Outlook
Although the price is likely to continue the bearish momentum on h1 time frame, as the key resistance zone 1.32823 remains intact on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on h1 time frame. On the other hand, the m15 time frame hasn’t formed any fresh support on m15 time frame. Therefore 1.31797 – 1.31755 remains valid as the short term support zone, Moreover, a close above 1.32246 on m15, may confirm the continuation of bullish momentum, while establishing the fresh support at 1.31955 – 1.31912 on m15.
Key Resistance & Support Zone
M15 Resistance Zone
1.32438 – 1.32539
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.32728 – 1.32823
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.31755 – 1.31797
Pending Demand Area
Short Term Intraday Support Base
H1 Support Zone
1.31121 – 1.31096
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
The price may extend its bearish price structure on h1, as long as the price holds the key resistance zone at 1.32823 on h1. Meanwhile, a close above 1.32823 on h1 time frame, would confirm the change of character on h1 time frame. As a result the price would establish the fresh support zone at 1.32380 – 1.32330 on h1. In addition, if price looses 1.31597 on m15 time. As a result, price may establish the character shift towards the bearish side, while forming the fresh resistance at 1.31755 – 1.31797 on m15. As long as the price holds the 1.31597 0n m15 time frame, the short term buyers would remain 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.