M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price continues to trade in bearish structure on higher time frame h1 and m15 shorter time frame. As the price shifted its character from bullish to bearish just after the change of character on bullish side on h1 time frame yesterday. But during mid nyc session the price shifted to bearish side while forming the fresh resistance at 1.33696.
Resistance Zones
M15 Resistance Zone
1.33466 – 1.33482
Fresh Resistance Zone
Short Term Intraday Supply Zone
H1 Resistance Zone
1.33635 – 1.33696
Fresh Resistance Zone
Higher Time Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price traded in bearish structure, meanwhile no support established by the price on both the time frame h1 and m15. Hence awaiting for the new structure.
Session Strategy
The sellers are controlling the higher time bias while defending the last resistance at 1.33696. A sustained close above 1.33696 on h1 time frame would establish the change of character on h1 time frame while forming the support at 1.33479 on h1 higher time frame and on the other hand a decisive close above 1.33482 would establish character shift on m15 shorter time frame while forming the fresh support at 1.33438 . Until the price holds 1.33696 on h1 higher time frame, the sellers will continue to dominate the price.
Nyc Session Outlook
The price continues to trade in bearish structure on higher time frame h1, meanwhile the price hasn’t established or formed any new resistance on any time frame, awaiting for the new structure to be formed.
Key Resistance And Support Zones
M15 Resistance Zone
1.33466 – 1.33482
Pending Resistance Zone
Short Term Intraday Supply Zone
H1 Resistance Zone
1.33635 – 1.33696
Fresh Resistance Zone
Higher Time Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price traded in bearish structure, meanwhile no support established by the price on both the time frame h1 and m15. Hence awaiting for the new structure.
Session Strategy
Although the higher time frame bias will continues to respect the sellers until the price holds the resistance at 1.33696. In addition, a sustained close above 1.33696. As a result, the price would establish the character shift on h1 higher time frame. Meanwhile forming the fresh support at 1.33479 on h1. Similarly on the other hand reclaiming 1.33482 on m15 time would confirm bullish momentum while establishing the fresh support at 1.33438. A move below 1.32557 om m15 time frame would open the door for further downside while forming the fresh resistance at 1.32781. Till that short term pull back expected.
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.