M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the h1 time frame trades in bearish price structure, and may extend its downside momentum, until 76.40772 remains intact on h1. Meanwhile the h1 established the fresh resistance at 75.36410 on h1 time frame. In addition, the m15 time frame follows the broader time frame bearish structure, while trading below the last resistance at 76.42435. As a result the m15 time frame confirmed the fresh resistance at 75.80683 on m15 time frame.
Resistance Zones
M15 Resistance Zone
Although the price trades in bearish structure on m15 time frame. However the price hasn’t established any fresh resistance on m15 time frame. Meanwhile awaiting for the new structure.
H1 Resistance Zone
75.36573 – 75.57196
Fresh Supply Zone
Higher time Frame Resistance Region
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Support Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the h1 time frame is likely to continue the bearish price structure, as the price trades below the key resistance zone at 76.40772 on h1 time frame. Therefore, a decisive close above 76.42435 on h1 time frame. As a result, the price may confirm the change of character of towards the bullish side on h1 time frame, while establishing the fresh support at 75.54540 – 75.36248 on h1. In addition, reclaiming the 76.40772 on m15 time frame, price would establish the character shift on m15 time frame. As a result, price may expose the fresh support at 75.83617 – 75.80683 on m15 time frame. Moreover, a break below 69.04877 on h1 time frame, may open the door for further downside momentum.
Nyc Session Update
Although the price would continue the downside momentum on h1 time frame, until the price trades below the 76.40772 on h1. Meanwhile the price hasn’t established any fresh resistance on h1 and m15 both the time frame. In addition, a break below 69.63798 on m15 time frame, the price may confirm the continuation of of bearish momentum, while establishing the fresh resistance at 71.73170 – 71.76019 on m15.
Key Resistance & Support Zone
M15 Resistance Zone
Although the price trades in bearish structure on m15 time frame. However the price hasn’t established any fresh resistance on m15 time frame. Meanwhile awaiting for the new structure.
H1 Resistance Zone
75.36573 – 75.57196
Fresh Supply Zone
Higher time Frame Resistance Region
Support Zones
M15 Support Zone
66.54184 – 66.37696
Pending Support Zone
Short Term Intraday Support Base
H1 Support Zone
60.31051 – 60.10334
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may extend its bearish momentum, as long as the price trades below the key resistance at 76.40772 on h1. However, reclaiming 76.42435 on h1 time frame. As a result, the price may confirm the change of character of towards the bullish side on h1 time frame, while establishing the fresh support at 75.54540 – 75.36248 on h1. In addition, if price closes above 76.40772 on m15 time frame, price would establish the character shift on m15 time frame. As a result, price may expose the fresh support at 75.83617 – 75.80683 on m15 time frame.
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.