M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price trades in bearish structure on h1 time frame. Meanwhile giving the decisive close below 1.15350 on h1 time frame. Therefore the price hasn’t established any fresh resistance on h1 time frame. In addition a decisive close below 1.15246 on h1 time frame, could expose the fresh resistance on h1 time frame.
Resistance Zones
M15 Resistance Zone
1.15670 – 1.15714
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
Although the price trades in bearish structure on h1 time fame. Meanwhile the price hasn’t established any fresh resistance on h1 time frame. Therefore awaiting the new structure to be formed.
Support Zones
M15 Support Zone
1.15022 – 1.14986
Pending Demand Zone
Short Term Support Base
H1 Support Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh or pending support at h1. Meanwhile awaiting for the new structure.
Session Strategy
Although the higher time frame structure favors sellers. As long as the price holds the last resistance 1.16164 on h1 time frame. In addition, a close above 1.16164 on h1 time frame, may confirm the character shift towards the bullish side, while forming the fresh support at 1.15796. Moreover, reclaiming the 1.15714 on m15 time frame. As a result could confirm the change of character on m15 time frame, while forming the fresh support at 1.15261. Moreover, if price looses 1.15247 on h1 time frame, then the price may confirm the fresh resistance on h1 at 1.15579.
Nyc Session Outlook
Although the price trades in bearish structure on h1 time frame, by trading below the last resistance at 1.16164 on h1. Meanwhile the price shifted its character on m15 time frame, as the price closes above 1.15500 on m15. As a result the price established the fresh demand zone at 1.15211. Until 1.16164 remains intact on h1. Furthermore downside would remain intact.
Key Resistance & Support Zone
M15 Resistance Zone
As the price trades in bullish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or pending resistance on m15 time frame, Therefore awaiting the new structure.
H1 Resistance Zone
As the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh or pending resistance on h1 time frame. In addition all the previous resistance zone already tapped by the price. Meanwhile awaiting for the new structure.
M15 Support Zone
1.15212 – 1.15205
Fresh Support Zone
Short Term Intraday Support Base
H1 support Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh or pending support at h1. Meanwhile awaiting for the new structure.
Session Strategy
Although the sellers are dominating the higher time frame bias, while trading below the last resistance at 1.16164 on h1. Moreover, a close above 1.15714 on h1 time frame, may confirm the character shift towards the bullish side, while forming the fresh support at 1.15348. In addition, a decisive close below 1.15205 on m15. As a result the price could confirm the character shift towards the bearish side. As a result the price may expose the fresh resistance at 1.15461 on m15. Until 1.15205 remains intact on m15, the short term would remain interested.
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.