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 trades in bearish structure on the h1 higher time frame while making the lower low and lower high on h1 time frame. While establishing the fresh resistance at 1.33884 on h1 time frame
Support Zones
M15 Support Zone
1.33606 – 1.33465
Pending Support Zone
Probable Support Region
H1 Support Zone
Although the price trades in bearish structure on the h1 higher time frame. Meanwhile the price hasn’t established any new nearby support on h1 time frame. Therefore awaiting for the new structure.
Resistance Zones
M15 Resistance Zone
1.33884 – 1.33970
Fresh Resistance Zone
Multi Time Frame Alignment Zone
H1 Resistance Zone
1.33884 – 1.33970
Fresh Resistance Zone
Multi Time Frame Alignment Zone
Session Strategy
Although the sellers are controlling the higher time frame bias while trading below the 1.33970 on h1 time frame. In addition, reclaiming the 1.33970 with full body candle on h1 time frame. As a result, the price would establish the change of character on both the time frame m15 and h1 while forming the fresh resistance at 1.33708. However, if price holds 1.33970 on h1, then the sellers will remain dominating.
Nyc Session Outlook
Although the price shifted its character from bearish to bullish on higher time frame h1 as well as m15 shorter time frame while establishing the support at 1.33709.
Key Support and Resistance Zone
Support Zone
M15 & H1 Support Zone
1.33709 – 1.33658
Fresh Support Zone
Multi Time Frame Support Confluence Zone
Resistance Zone
M15 & H1 Resistance Zone
1.34187 – 1.34223
Pending Resistance Area
Multi Time Frame Resistance Confluence Zone
Session Strategy
Although the price shifted its character from bearish to bullish on higher time frame h1 while establishing the fresh support at 1.33823 on h1. In addition, a sustained close below 1.33617 would establish change of character on h1 time frame while forming the fresh resistance at 1.33970. Moreover, a break below 1.33707 on m15 time frame would establish character shift towards bearish side while forming the fresh resistance at 1.33925. In addition, reclaiming 1.34097 om m15. As a result, the price may establish the fresh support on m15 time frame. On the other hand, until 1.33707 on m15 time frame and 1.33617 on h1 higher time frame remains intact the upside momentum continues.
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.