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 favors the buyers on h1 time frame, while holding the last support at 1.14845 on h1. Meanwhile the price hasn’t formed any fresh support on h1 time frame. In addition, the m15 time frame shifted its structure, while giving the decisive below 1.15801 on m15. Moreover the price established the fresh resistance at 1.15806 on m15. In addition, the price established fresh resistance on h1 and m15 both the time frame at 1.15722. Until 1.15722 remains intact on h1 time frame, the sellers could continue to dominate the price.
Support Zones
M15 Support Zone
1.15211 – 1.15205
Pending Support Zone
Short Term Intraday Support Base
H1 Support Zone
1.15348 – 1.15246
Pending Support Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.15708 – 1.15722
Fresh Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15693 – 1.15722
Fresh Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the price may continues to favor the sellers on h1 time frame. Meanwhile establishing the fresh resistance at 1.15693 on h1. In addition, a break above 1.15722 on h1 time frame, may confirm the character shift towards the bearish side. As a result the price could expose the fresh support at 1.15587. On the other hand, reclaiming the 1.15722 on m15 time frame. As a result the price may confirm the change of character on m15 time frame, while forming the fresh support at 1.15583. Until 1.15722 remains intact on h1 time frame, the sellers would remain in control.
Nyc Session Outlook
Although the price may continue to favor the sellers. As a result, price holds the last resistance at 1.15722 on h1. Meanwhile the price hasn’t established any fresh supply zone on h1 time frame. In addition, 1.15693 would remain act as the valid supply zone on h1 time frame. On the other hand, m15 time frame established fresh supply zone at 1.15631.
Key Resistance & Supply Zone
M15 Resistance Zone
1.15631 – 1.15649
Fresh Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.15693 – 1.15722
Fresh Supply Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone
1.15211 – 1.15205
Pending Support Zone
Short Term Intraday Support Base
H1 Support Zone
1.15348 – 1.15246
Pending Support Zone
Higher Time Frame Support Base
Session Strategy
Although the price is likely to continue the bearish structure on h1 time frame, as long as the 1.15722 remains intact on h1. Therefore, a break above 1.15722 on h1, price may confirm the change of character on h1 time frame. As a result the price is likely to establish the fresh support at 1.15587. Moreover, reclaiming the 1.15649 on m15 time frame. As a result the price may confirm the change of character on m15 time frame, while forming the fresh support at 1.15528.
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.