M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price is in bearish momentum as the shifted it’s character in higher timeframe from bullish to bearish followed by the h4 bearish structure. Sellers are dominating the price at h1 resistance at 1.16158. While higher timeframe support remain valid at 1.15101 1d.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
1.17109 – 1.17134
Pending Higher Timeframe Supply Area
Multi-timeframe Supply Zone
Support Zones
M15 Support Zone\H1 Support Zone
As price is in bearish structure, the price hasn’t formed or any new support yet, while the higher timeframe support remain valid at 1.17109 1d
Session Strategy
The price continuing the higher timeframe bearish structure, while trading at h1 resistance at 1.16157. If price decisively close above 1.16545 then the price will establish dual change of character in h1, which could expose a level at 1.16252 which can act as the new support. Similarly If price closes below 1.15596 in h1 then 1.16210 can act as the fresh higher timeframe resistance.
Nyc Session Outlook
Although the price continues to trade with in the bearish structure on shorter as well as higher timeframe. Meanwhile the sellers pushed down the price till 1.15781 established h1 resistance at 1.16252. Therefore the price is taking support at 1.15751.
Key Resistance and Support Zones
M15&H1 Resistance Zones
1.17109 – 1.17134
Pending Higher Timeframe Supply Area
Multi-timeframe Supply Zone
Support Zones
M15 Support Zone\H1 Support Zone
As price is in bearish structure, the price hasn’t formed or any new support yet, while the higher timeframe support remain valid at 1.17109 1d
Session Strategy
Although the sellers are dominating the higher timeframe. Meanwhile shorter time frame following the higher timeframe structure. In addition, a break below 1.15596 on h1 time frame then 1.16210 may act as the fresh higher timeframe resistance. As a result 1.17109 would act as resistance zone on higher timeframe.
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.