M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although, price may continue the downside momentum on h1 time frame, as the price trades below the key resistance zone at 1.15213 on h1. Meanwhile, the m15 time frame shifted its character from bearish to bullish. As a result, price closed above 1.14887 on m15 time frame, while the price hasn’t established any fresh support. In addition, a close below 1.14432 on h1 time frame, may indicate the continuation of bearish price structure while establishing the fresh resistance at 1.14759 – 1.14906 on h1. Therefore awaiting for the new structure.
Resistance Zones
M15 Resistance Zone
1.14926 – 1.14999
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.15155 – 1.15213
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bullish price structure. Meanwhile the price hasn’t established any fresh or pending support zone on m15. Therefore awaiting for new structure.
H1 Support Zone
1.13168 – 1.13127
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may extend its bearish momentum, as the price trades below the key resistance at 1.15213 on h1. In addition, a close above 1.15213 on h1 time frame. As a result, price would confirm the character shift on h1 time frame, while establishing the fresh support at 1.14886 – 1.14875 on h1. On the other hand, a decisive close below 1.14432 on m15, as the price establish may establish the change of character on m15 time frame. As a result, price would confirm the fresh resistance at 1.14731 – 1.14757. As long as the price holds the 1.14432 on m15 time frame, short term buyers would remain interested.
Nyc Session Outlook
Although the price may indicate the continuation bearish price structure, as the price holds the key resistance zone at 1.15213 on h1 time frame. Therefore the price hasn’t established any fresh resistance on h1 time frame. On the other hand, the m15 time frame hasn’t formed any fresh support on m15. Until price holds 1.14576, short term buyers would remain intact on m15.
Key Resistance & Support Zone
M15 Resistance Zone
1.14926 – 1.14999
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.15155 – 1.15213
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.14644 – 1.14609
Fresh Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.13168 – 1.13127
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
The price is likely to continue the bearish price momentum on h1, as the price holds key resistance zone at 1.15213. Therefore, a close above 1.15213 on h1 time frame. As a result, price would confirm the character shift on h1 time frame, while establishing the fresh support at 1.14886 – 1.14875 on h1. In addition, a decisive close below 1.14576 on m15, as the price establish may establish the change of character towards the bearish side on m15 time frame. As a result, price would confirm the fresh resistance at 1.14644 – 1.14609.
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.