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 is continuously making lower low and lower high and the structure remains bearish on all the major timeframe. Meanwhile the price hasn’t established any near by support on m15 and h1 time frame. Although the price is approaching h4 support base at 1.15767. Meanwhile the price may try for the pullback from that level. As a result sellers are dominant in the market.
Resistance Zones
M15 Resistance Zone
1.17112 – 1.17135
Fresh Supply area
Intraday reaction zone
H1 Resistance Zone
1.17112 – 1.17133
Fresh Supply area
Higher timeframe resistance area
Support Zones
M15 Support Zone \ H1 Support Zone
Although the price hasn’t established any near by support on m15 and h1 time frame, moreover the structure remains bearish on all the timeframe. Meanwhile awaiting for the newly structured to be formed.
Session Strategy
Although the sellers are dominating the price , meanwhile the price established the new resistance at h1 and m15 at 1.17112.On the other hand if the market closes above 1.17112 on h1 time frame with full body candle then the price would establish change of character on h1 time frame, as long as the price holds the resistance at 1.17112 on h1 time frame, furthermore downside will remain intact.
Nyc Session Outlook
Although the price followed the bearish momentum, moreover the price hasn’t established the new resistance, in addition the buyers are defending the h4 time frame support area at 1.15767
Key Support And Resistance Zones
No new resistance established in h1\m15
H4 support at 1.15767
Session Strategy
Although the price continues towards the downside if the price trades below the 1.17135. A decisive close above this would establish the character change on m15 and h1 time frame both. As long as the price holds 1.17135, the bearish momentum remains intact.
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.