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 to trade in bearish price structure, while trading below the key resistance zone at 1.15477 on h1. Meanwhile the m15 time frame follows the higher time frame bearish price structure. As a result, the price trades below the key resistance zone at 1.15212 at m15. Moreover the hasn’t established any fresh resistance zone on m15.
Resistance Zones
M15 Resistance Zone
1.15370 – 1.15476
Pending Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
1.15287 – 1.15476
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish price structure on m15 time frame. Meanwhile the price hasn’t established any fresh or pending support zone on m15. Therefore awaiting for the new structure.
H1 Support Zone
1.13168 – 1.13127
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price is likely to continue the bearish price structure on h1 higher time frame, as the price trades below the key resistance zone at 1.15476 on h1. Therefore a close above 1.15476 on h1 time frame. As a result, the price may establish the character shift on h1 time frame from bearish to bullish side, while establishing the fresh support at 1.15075 – 1.15019 on h1. On the other hand, a break above 1.15212 on m15, as the price may confirm the dual change of character on m15 time frame, while establishing the fresh support at 1.15187 – 1.15172. Moreover, a decisive close below 1.14875 on h1, may confirm the fresh resistance at 1.15156 – 1.15212 on h1.
Nyc Session Outlook
The price may continue its bearish structure on h1 time frame, while the price trades below the key resistance zone at 1.15476 on h1. In addition the price hasn’t established any fresh resistance zone on m15 and h1 both the time frame. Moreover, a decisive close below 1.14840 on m15 time frame, the price may confirm the fresh resistance zone at 1.14944 – 1.14972 on m15.
Key Resistance & Support Zone
M15 resistance Zone
1.15370 – 1.15476
Pending Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
1.15287 – 1.15476
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish price structure on m15 time frame. Meanwhile the price hasn’t established any fresh or pending support zone on m15. Therefore awaiting for the new structure.
H1 Support Zone
1.13168 – 1.13127
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may continue to trade in bearish price structure, as long as the price trades below the key resistance zone at 1.15476 on h1. In addition, a close above 1.15476 on h1 time frame. As a result, the price may establish the character shift on h1 time frame from bearish to bullish side, while establishing the fresh support at 1.15075 – 1.15019 on h1. Moreover, a break above 1.15212 on m15, as the price may confirm the dual change of character on m15 time frame, while establishing the fresh support at 1.15187 – 1.15172.
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.