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 the momentum towards the downside, as the price respects the key resistance at 4765 on h1. Meanwhile the h1 time frame established character shift towards the bearish side in the mid nyc session yesterday by giving the decisive close below 4771 on h1 . As a result, price set up the fresh resistance at 4760 on h1. On the other hand. the m15 time frame formed the fresh supply zone at 4760 on m15, as the m15 follows the h1’s downside structure and established the character shift towards the bearish side.
Resistance Zones
M15 Resistance Zone
4760.718 – 4765.150
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4760.718 – 4765.150
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4678.666 – 4673.847
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
4610.388 – 4600.981
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the h1 time frame bias may continue to favor the sellers, as the sellers are defending the key resistance zone at 4765.150 on h1. Therefore, a close above 4765.150 on h1. As a result, price would validate the change of character towards the bullish side on h1, while forming the fresh support at 4736.308 – 4732.943 on h1. Moreover, a decisive close above 4765.150 on m15 time frame, the price may establish character shift towards the bullish side on m15. Afterwards, the price may set up the fresh support at 4736.308 – 4732.943 on m15. In addition, if price looses 4698.983 on m15, then the price would form the fresh resistance at 4732.557 – 4732.778 on m15.
Nyc Session Update
Although price may remain in bearish momentum on h1 time frame, as price is respecting the key resistance zone at 4765.150. In addition, the price hasn’t established any recent resistance zone on none of the time frame m15 and h1. Therefore awaiting for the new structure.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
4760.718 – 4765.150
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
4760.718 – 4765.150
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4678.666 – 4673.847
Pending Demand Zone
Short Term Key Support Zone
H1 Support Zone
4610.388 – 4600.981
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may carry on to favor the sellers on h1, as the price trades below key resistance zone at 4765.150 on h1. Meanwhile, a decisive close above 4765.150 on h1. As a result, price may validate the character shift towards the upside on h1, while establishing the fresh support at 4736.308 – 4732.943 on h1. In addition, a break above 4765.150 on m15 time frame, the price may form the change of character towards the bullish side on m15. Afterwards, the price may establish the fresh support at 4736.308 – 4732.943 on m15. Moreover, a close below 4698.983 on m15, then the price would expose the fresh resistance at 4732.557 – 4732.778 on m15.
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.