M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Resistance Zones
M15 Resistance Zone
1.16454 – 1.16455
Resistance Zone, Already Tapped
Short Term Intraday Resistance Zone
H1 Resistance Zone
The price hasn’t established any new resistance on higher time frame, and the resistance at 1.16454 has already been tapped by the price. Hence awaiting for new structure.
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades in bearish structure, as the price hasn’t established any new near by support. Meanwhile the shorter time frame support will remain valid at 1.15763.
Session Strategy
Although the sellers are dominating the price on m15 and h1. Meanwhile the price hasn’t established any new resistance on h1 time frame, and the resistance at m15 1.16454 has already been tapped by the price. In addition, a decisive close below 1.16040 would establish the new resistance on h1 higher time frame as well as on m15 shorter time frame. On the other hand if price closes above 1.16672 on h1 higher time frame then the price would establish the dual change of character while forming the fresh support at 1.16454. Until that sellers will dominate the price and shorter time frame will remain valid at 1.15763.
Nyc session Outlook
Although the price continues its bearish momentum while trading below 1.16672. Meanwhile the price has established new fresh resistance at 1.16333 on h1 higher time frame and 1.16300 on m15v shorter time frame.
Key Resistance And Support Zone
M15 Resistance Zone
1.16300 – 1.16454
Fresh Resistance Zone
Short term Intraday Supply Zone
H1 Resistance Zone
1.16333 – 1.16454
Fresh Resistance Zone
Higher time Frame Resistance Area
Support Zone
M15 and H1 Support Zone
Although the price is trading in bearish momentum, meanwhile the price hasn’t established any near by support zone on higher time frame h1, on the other hand the short term support will remain valid at 1.15764 – 1.15755
Session Strategy
Although the sellers are dominating the higher time frame bias until the price trades below the 1.16672.In addition, a decisive close above 1.16672 would establish the character shift on higher time frame h1 and m15. As a result the price could expose the new support at 1.16456 on both the time frame h1 and 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.