M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The market continue it’s bearish structure while making the lower low and lower high on the higher time frame h1, meanwhile the price established the fresh resistance at 1.34294 on h1 time frame but buyers are active at 1.32976 on 1d timeframe may dominate the price.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
1.34294 – 1.34317
Multi-timeframe resistance area
Supply Anticipated Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price continuous making lower low and lower high in m15 and h1,hence no support formed in both the timeframe, meanwhile there is a support 1d at 1.32960
Session Strategy
The higher time frame bias favors the sellers, meanwhile the sellers are dominating the price, while the buyers are present at 1.32976, we can expect some pullback from that level. Moreover if the level breaches then the price may extend its downside momentum till the 1.30600.
Nyc Session Outlook
In addition, during the mid london the price shifted the character on m15 time frame. Moreover the price remains bearish on h1 time frame. Therefore the price established new support at m15 time frame, while the price took the support at 1day level 1.32976.
Key Support and Resistance Zones
M15 Support: 1.32859 Fresh Intraday Demand Area
H1 Resistance: 134.294 – 1.34317
Session Strategy
Although the major time frame remains bearish while m15 shifted it’s character. In addition higher time frame would establish the character shift if price closes above 1.34317. Furthermore downside will remain intact, as long as the price holds the last resistance.
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.