M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price is continuing last week’s bearish structure as the price opened with the gap down, while establishing fresh resistance on m15 and h1 higher timeframe at 1.16209
Resistance Zones
M15 Resistance Zone
1.16087 – 1.16128
Fresh Resistance Zone
Short Term Intraday Supply Zone
H1 Resistance Zone
1.16210 – 1.16200
Fresh Resistance Zone
High Probability Supply Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price is bearish structure, hence the price hasn’t established or formed any near by support on both the support on both the time frame m15 and h1, meanwhile awaiting for the structure to be formed
Session Strategy
Although the bearish momentum remains intact until the price holds 1.16210 on h1 time frame. Moreover the price decisively break and close above 1.16210 on h1 then the price would establish change of character on h1 time frame, establishing the support at 1.15549. On the other hand if price closes above 1.15713 on m15 time frame then the price would establish character shift in m15, establishing the support at 1.15447 on m15.
Nyc Session Outlook
Although the price continues to trade in bearish structure on higher time frame h1 and on shorter time frame m15. Moreover during the london session the price attempted for character shift on shorter time frame m15 but the sellers dominate the price and pushed towards the down side.
Key Resistance And Support zones
M15 Resistance
1.16087 – 1.16128
Pending Resistance Zone
Intraday Resistance Reaction zone
H1 Resistance
1.16210 – 1.16200
Pending Resistance Zone
High Probability Supply Area
M15 Support\H1 Support Zone
As the price is bearish structure, hence the price hasn’t established or formed any near by support on both the support on both the time frame m15 and h1, meanwhile awaiting for the structure to be formed.
Session Strategy
Although the Sellers are dominating the price on higher time frame h1 as well as shorter time frame m15. In addition a decisive close above 1.15713 on m15 would establish the change of character on m15. As a result the price formed the fresh support at 1.15221. On the other hand if price closes above 1.16210 on higher time frame h1. As a result the price would establish character shift on higher time frame while making the support at 1.15549.
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.