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 may continue its bearish price structure. As long as the price holds the key resistance at 1.16269 on h1. Meanwhile the price hasn’t established any fresh resistance at on h1 time frame. In addition, the m15 time frame confirmed the character shift towards the bullish side, as the price closed above at 1.15379 on m15 time frame. As a result, price established the fresh support at 1.15175 on m15 time frame.
Resistance Zones
M15 Resistance Zone
1.16103 – 1.16106
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.16513 – 1.16670
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.15175 – 1.15155
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15202 – 1.15113
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the price is likely to continue the bearish price structure on h1 time frame. As the price holds the last resistance at 1.16269. Therefore, a break above 1.16269 on h1 time frame, the price would confirm character shift towards the bullish side. As a result, price would confirm the fresh support at 1.15633 – 1.15589 on h1. In addition, a break below 1.15095 on m15 time frame, would establish the shift of character towards the bearish side. As a result, the price may form the fresh resistance at 1.15155 – 1.15175 on m15 time frame. Moreover, a decisive close below 1.15095 on h1, may confirm the continuation of further bearish momentum, while establishing the fresh resistance at 1.15513 – 1.15637 on h1.
Nyc Session Update
Although sellers are controlling the higher time frame bias h1, as the sellers are defending last resistance area at 1.16269 on h1. In addition the h1 time frame hasn’t established any fresh resistance. Meanwhile pending resistance would remain valid at 1.16513 on h1. On the other hand, as the m15 time frame may continue its bullish momentum, until 1.15093 remain intact on m15. Meanwhile the pending support would remain valid at 1.15175 on m15.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.16103 – 1.16106
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.16513 – 1.16670
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.15175 – 1.15155
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15202 – 1.15113
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the may continue its bearish structure, as the sellers defending the supply zone at 1.16269 on h1. Moreover, reclaiming the 1.16269 on h1 time frame, the price would confirm character shift towards the bullish side. As a result, price may form the fresh support at 1.15633 – 1.15589 on h1. In addition, if price looses 1.15095 on m15 time frame, would establish the shift of character towards the bearish side. As a result, the price may form the fresh resistance at 1.15155 – 1.15175 on m15 time frame.
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.