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 continue its bearish structure, as the price holds 1.14900 on h1 higher time frame. Meanwhile the price hasn’t established any new resistance on any time frame, while the previous resistance at 1.14900 on h1 and m15 remains valid. In addition a break below 1.14116 on h1 time time frame, as the result the price would confirm the new resistance at h1 time frame. Meanwhile awaiting for the new structure to be formed.
Resistance Zones
M15 Resistance Zone
1.14868 – 1.14900
Pending Resistance Zone
Pending Short Term Resistance Area
H1 Resistance Zone
1.14797 – 1.14900
Pending Resistance Zone
Higher Probability Resistance Region
Support Zones
M15 Support Zone/H1 Support Zone
As the price trades in bearish structure, therefore no near by support established by the price on h1 and m15 any time frame. Meanwhile awaiting for the new structure to be formed.
Session Strategy
Although the price trades in bearish structure, meanwhile the price hasn’t established any new resistance on m15 and h1 time frame. In addition a break below 1.14111 on h1 time frame, as a result the price could confirm the new resistance in h1 higher time frame at 1.14546. On the other hand, if price closes above 1.14900 on h1 time frame, as a result the price would confirm the character shift on higher time, while making the fresh support at 1.14451 on h1 timeframe. Unless 1.14900 remains intact on h1 time frame, the furthermore downside remains intact.
Nyc Session Key Resistance & Support Zones
Although the price trades in bearish structure meanwhile no new resistance formed by the price. Therefore if price closes above 1.14900, as a result price would establish character shift towards bullish side, while forming the support at 1.14449. Similarly on the other hand if price continues its bearish structure and closes below 1.14115, as a result the price would form the new resistance at m15 time frame. Unless the price holds 1.14900 on h1 time frame, furthermore downside will remain intact.
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.