M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price shifted its character on h1 higher time frame from bullish to bearish, while giving the decisive close below 159.012 on h1 time frame. As a result the price confirmed the fresh resistance at 159.508 on h1 time frame. In addition the m15 structure follows the h1 higher time frame structure. In addition a close above 159.455 would confirm the character shift towards the bullish side on h1 higher time frame.
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure, meanwhile the price hasn’t established or formed any near by support on any time time frame m15 and h1. Therefore the h1 higher time frame pending support will remain valid at 158.696 – 158.574. As long as the price holds 158.853 on h1 time frame, the price may attempt for the structure shift, in addition the price may establish fresh support at 159.233, if price closes above 159.454 on h1 time frame.
Resistance Zones
M15 Resistance Zone
159.523 – 159.688
Fresh Resistance Zone
Short Term Intraday Supply Area
H1 Resistance Zone
159.508 – 159.688
Fresh Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price trades in bearish structure, as a result while forming the fresh resistance at 159.508 on h1 higher time frame. Similarly on the other hand, a sustained close above 159.454 on h1 higher time frame would confirm the character shift towards the bullish side, as a result forming the fresh higher time frame support zone at 159.233. In addition, if price closes below 158.853 on h1 time frame, indicates the continuation of bearish structure on h1 higher time frame, as a result the price may establish the fresh resistance on h1 time frame. Until that 159.508 will act as the fresh resistance on h1 time frame.
Nyc Session Outlook
The price continues its bearish structure, while trading below the last resistance on h1 time frame. Meanwhile the m15 structure following the h1 time frame structure. A close above 159.761 on h1 time frame, as a result the price may confirm the character shift towards the bullish side while making the fresh support on h1 time frame.
Key Resistance and Support Zones
M15 Resistance Zone
159.523 – 159.688
Fresh Resistance Zone
Short Term Intraday Supply Area
H1 Resistance Zone
159.508 – 159.688
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure, meanwhile the price hasn’t established or formed any near by support on any time time frame m15 and h1. Therefore the h1 higher time frame pending support will remain valid at 158.696 – 158.574. As long as the price holds 158.853 on h1 time frame, the price may attempt for the structure shift, in addition the price may establish fresh support at 159.233, if price closes above 159.454 on h1 time frame.
Session Strategy
As the price continues to trade in bearish structure on h1 time frame. A decisive close below 158.854 on h1 time frame, as a result the price may confirm the new supply zone on h1 time frame at 159.445 – 159.497. A close above 159.761 on h1 time frame, as a result the price may confirm the character shift towards the bullish side while making the fresh support on h1 time frame at 159.689 – 159.508.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. It does not constitute financial advice. Always manage your risk and trade responsibly.