M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price may carry on the bearish structure on h1 time frame. As a result price respects the last key resistance zone at 1.34848 on h1. Meanwhile, initially the m15 time frame shifted its character from bearish to bullish side on m15 during the yesterday nyc session as the price closes above 1.34252. However, later on the bullish move was invalidated as the price confirmed another bearish side character shift while giving close below 1.34249. As a result the pair is now trading in the downside structure on both of the time frame h1 and m15 with sellers remain in control below 1.34346 on m15
Resistance Zones
M15 Resistance Zone
1.34256 – 1.34271
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.34960 – 1.35079
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh or near by support zone on m15 time frame. Meanwhile the pending higher time frame support would remain valid at 1.32432 – 1.32373
Session Strategy
Meanwhile, as moving forward into the upcoming london session. The price may continue to respect the the key resistance zone at 1.34848 on h1. Therefore, a decisive close above 1.34848 on h1 time frame, the price would validate the shift of character towards the bullish side. Meanwhile, the price would form the fresh support zone at 1.34461 – 1.34338 on h1. On the other hand, a break above 1.34271 may initiate the bullish momentum on m15 time frame. As a result the price may set up the fresh support at 1.34204 – 1.34206 on m15 time frame. Moreover, a close below, may indicate the continuation bearish structure on h1 and would confirm the fresh resistance at 1.34515 – 1.34586 on h1.
Nyc Session Update
Although the price may carry on bearish structure on h1 time frame, as price trades below the last key resistance zone at 1.34848 on h1. Meanwhile the price hasn’t established any fresh resistance on h1 time frame. Moreover, the m15 time frame shifted the character as price closes above the last resistance at 1.34287 on m15. As a result price established the fresh support zone at 1.34148 – 1.34133 on m15
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
As the price trades in bullish structure on m15 time frame. Therefore the price hasn’t established any fresh or near by resistance zone on m15 time frame.
H1 Resistance Zone
1.34960 – 1.35079
Pending Supply Zone
Higher Time Frame Resistance Region
M15 Support Zone
1.34148 – 1.34133
Fresh Support Zone
Short Term Key Support Base
H1 Support Zone
1.32432 – 1.32373
Pending Support Zone
Higher Time Frame Support Region
Session Strategy
Meanwhile, as moving in the upcoming london session. The price may holds the key resistance zone at 1.34848 on h1. Meanwhile, a close above 1.34848 on h1 time frame, the price may validate the shift of character towards the upside. Afterwards, the price may form the fresh demand zone at 1.34461 – 1.34338 on h1. In addition, if price closes below 1.34110 may confirm the bullish momentum on m15 time frame. As a result the price may form the fresh resistance at 1.34133 – 1.34152 on m15 time frame. Moreover, a close above 1.34445 on m15 would confirm the fresh support at 1.34372 – 1.34359 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.