M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Session Overview
Silver Price Forecast remains under bearish pressure on h1 time frame, as the sellers protects recent high at 78.90263 on h1 time frame. Although the structure continues forwards the with the previous supply zones on h1 time frame. In addition, the bears are taking over the short term time frame bias, as the Silver Price Forecast closes below the low at 74.96664 on m15 time frame. As a result sellers exposed the fresh resistance at 75.39178 on m15 time frame. Moreover, acceptance below 73.10151 on h1 time frame, would establish the fresh supply at 76.37920 – 76.95519 on h1 time frame.
Distribution Zones
M15 Distribution Zone
75.39178 – 75.57006
Latest Supply Boundary
Intraday Selling Area
H1 Distribution Zone
83.77700 – 83.87473
Prior Distribution Range
Major Selling Region
Accumulation Zones
M15 Accumulation Zone
However the price performs under bearish pressure on m15 time frame. Therefore the bulls hasn’t formed any fresh or nearby support field on m15 time frame.
H1 Accumulation Zone
65.31546 – 64.67674
Historic Support Base
Higher Time Frame Demand Structure
Session Strategy
Although the structure could continue stay with the bears on h1 time frame, as the bears stay effective below previous high at 78.90263 on h1 time frame. Meanwhile, a breakout above 78.90263 on h1 time frame. However the may shift the momentum for the buyers and create the fresh support at 74.86733 – 73.88140 on h1 time frame. On the other hand, acceptance above 75.57006 on m15 time frame. As a result may reinforce the bulls movement and introduce the fresh demand at 75.17678 – 74.96736 on m15 time frame.
Nyc Session Outlook
However the structure could sustain the downside continuation on h1 time frame, while downside structure keeps the price trades below the last high at 78.90263 on h1 time frame. Although the structure keep the previous restriction boundaries in play on h1 time frame. Moreover, the m15 reinforced the bullish structure, as the structure accepts close above resistance at 75.57006 on m15 time frame. Meanwhile this bullish structure remains aligned with the historic demand levels on m15 time frame.
Key Distribution & Accumulation Zone
Distribution Zones
M15 Distribution Zone
75.39178 – 75.57006
Latest Supply Boundary
Intraday Selling Area
H1 Distribution Zone
83.77700 – 83.87473
Prior Distribution Range
Major Selling Region
Accumulation Zones
M15 Accumulation Zone
72.85045 – 72.80040
Prior Support Area
Short Term Demand Level
H1 Accumulation Zone
65.31546 – 64.67674
Historic Support Base
Higher Time Frame Demand Structure
Session Strategy
Although the downside continuation could remain favored on h1 time frame, as the sellers favored structure hold the previous high at 78.90263 on h1 time frame. However, if price decisively close above 78.90263 on h1 time frame. However the structure may strengthen the bullish structure and develop the fresh support at 74.86733 – 73.88140 on h1 time frame. In addition, if price holds above 75.57006 on m15 time frame. As a result price may validate the buying structure and introduce the fresh demand at 75.17678 – 74.96736 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.
Moreover, check out my Previous XAGUSD Analysis section.
In addition, for daily XAGUSD silver chart analysis refer my XAGUSD Daily Analysis section