M15 & H1 Intraday Key Levels| Bearish Bias (mid london shift)
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price trades in bullish structure. As long as the price holds the last support at 1.33507. In addition, the price established fresh support at 1.33529 on h1 higher time frame. On the other hand the price confirmed the fresh support at 1.33512 on m15 time frame . Meanwhile the pending resistance will remain at 1.33944 on m15 time frame. Meanwhile on the other hand, the pending resistance will remain valid at 1.33977.
Support Zones
M15 Support Zone
1.33512 – 1.33506
Fresh Demand Zone
Short Term Intraday Support Region
H1 Support Zone
1.33529 – 1.33506
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.33944 – 1.33971
Pending Supply Zone
Short Term Intraday Supply Area
As the price trades in bullish structure on higher time frame h1, meanwhile the price hasn’t established any new and near by resistance on m15 time frame. As a result the pending resistance remains valid.
H1 Resistance Zone
1.33976 – 1.34098
Pending Supply Zone
Higher Time Frame Resistance Confluence Region
As the price trades in bullish structure on higher time frame h1, meanwhile the price hasn’t established any new and near by resistance on h1. As a result the pending resistance remains valid.
Session Strategy
Although the price trades in bullish structure. Therefore the buyers are defending the last support area at 1.33506 on h1 higher time frame. On the other hand, the buyers are defending the area 1.33506 on m15 time frame. In addition, a close below 1.33506 on higher time frame h1, the price may confirm the change of character towards the bearish side. As a result the price would establish the fresh resistance at 1.33594 on h1 time frame. On the other hand a close below 1.33506 on m15 time frame, then the price may confirm the fresh resistance at 1.33635. As long as the last support 1.33506 on h1 time frame remains intact, the upside remains intact.
Nyc Session Outlook
Therefore the price shifted its character on h1 higher time during the london session from bullish to bearish. Although the price hasn’t established any fresh resistance on any time frame. Meanwhile the previous resistance zone on m15 and h1, already tapped by the price at 1.33593. Meanwhile awaiting for the new structure.
Key Resistance And Support Zones
M15 & Resistance Zone
1.33944 – 1.33971
Pending Supply Zone
Short Term Intraday Supply Area
H1 Resistance Zone
1.33976 – 1.34098
Pending Supply Zone
Higher Time Frame Resistance Confluence Region
Support Zone
M15 support Zone
133402 – 1.33336.
Pending Support Zone
Short Term Intraday Demand Zone
H1 Support Zone
1.33175 – 1.33118
Pending Support Zone
Higher Time frame Support Zone
Session Strategy
Although the higher time frame structure favors the sellers, while trading below the last resistance at 1.33748 on h1 time frame. A decisive close above 1.33748 would establish the dual change of character on m15 and h1 time frame both. As a result the price would establish fresh support zone at 1.33593 on h1 time frame, similarly on the other hand the price may confirm the fresh support at 1.33633. In addition a close below 1.33415 on m15 time frame may indicate the continuation of bearish structure, as a result the price would establish the fresh resistance on m15 time frame. As long as the price holds the 1.33748 on h1 time frame, the furthermore would remain intact.
Key Takeways
Trend: Bearish (mid london shift)
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.