M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price continues to trades in bearish structure followed by yesterday’s structure on h1 higher time frame while making the lower low and lower high on m15 time frame while establishing the fresh resistance on m15 and h1 both the time frame.
Resistance Zones
M15 Resistance Zone
1.15092 – 1.15097
Fresh Resistance Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15233 – 1.15295
Fresh Resistance Zone
Higher time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades in bearish structure while no nearby support established by the price on h1 higher time frame as well as on shorter time frame m15. Meanwhile awaiting for the new structure.
Session Strategy
The price continues to respect the sellers on higher time frame h1 and on the shorter time frame m15. A sustained close above 1.15092 on m15 time frame would establish the change of character from bearish to bullish side while forming fresh support at 1.15075. On the other hand a break above 1.15296 would establish character shift towards the bullish side while forming the fresh support at 1.15111 on h1 time frame . If the price 1.15092 on m15 and 1.15296 on h1 continues to respect these levels of resistance, the further downside will remain expected.
Nyc Session Outlook
The continues to respect the sellers as it holds the last resistance at 1.15296 on h1 higher time frame. The price hasn’t established any new resistance on any time frame. Meanwhile awaiting for the new structure to be formed.
Key Resistance and Support Zones
M15 Resistance Zone
1.15092 – 1.15097
Pending Resistance Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15233 – 1.15295
Fresh Resistance Zone
Higher time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades in bearish structure while no nearby support established by the price on h1 higher time frame as well as on shorter time frame m15. A close above 1.15097 would establish the new support at m15, similarly reclaiming the 1.15296 could establish the new support at h1 time frame.
Session Strategy
Although the sellers are dominating the price on higher time frame h1. Meanwhile defending the last resistance 1.15296. In addition, reclaiming 1.15296 on h1 time frame could initiate the bearish momentum again while establishing the fresh support at 1.15111. Similarly a break above 1.15097 on m15 time frame would confirm the change of character on m15 time frame while establishing the support at 1.15075. If market losses the level 1.14332 on h1 higher time frame, could initiate the further downside momentum.
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.