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 continues the yesterday’s bearish structure on h1 higher time frame. As a result the price established the fresh resistance on h1 time frame at 1.33428. On the other hand, the price confirmed the fresh resistance at 1.33428 on m15 time frame as well. In addition, until the price holds 1.33509 on h1 time frame. As a result, the further downside remains intact. A sustained close below 1.32515 on h1 time frame, then the price may open the door for further downside.
Resistance Zones
M15 Resistance Zone
1.33428 – 1.33509
Fresh Supply Zone
Multi Time Frame Resistance Zone
H1 Resistance Zone
1.33428 – 1.33509
Fresh Resistance Zone
High Probability Resistance Region
Support Zones
M15 Support Zone
1.32401 – 1.32310
Pending Demand Zone
Short Term Intraday Support Region
H1 Support Zone
1.32440 – 1.32310
Pending Support Area
Higher Time Frame Support Base
Session Strategy
Although the price trades in bearish structure on higher time frame h1. Meanwhile the sellers are defending the last resistance 1.33509 on h1. In addition reclaiming the 1.33509 on h1. As a result, the price may confirm the change of character towards the bullish side, the price would form the fresh support zone on m15 1.33146. In addition, a close above 1.33509 on m15, the price may confirm the character shift towards the bullish side, establishing the fresh support at 1.33081 on m15 , a close below at 1.32515 on h1 and m15, the price may confirm the fresh resistance at 1.32874 on h1 time frame and 1.32959 on m15 .
Nyc Session Outlook
Although the price remain bearish structure, As the price holds the last resistance at 1.33509 on h1 higher time frame. Meanwhile the price hasn’t established any fresh resistance on any time frame. As a result 1.33509 would act as the valid resistance on h1 time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.33428 – 1.33509
Fresh Supply Zone
Multi Time Frame Resistance Zone
H1 Resistance Zone
1.33428 – 1.33509
Fresh Resistance Zone
High Probability Resistance Region
Support Zones
M15 Support Zone
1.32401 – 1.32310
Pending Demand Zone
Short Term Intraday Support Region
H1 Support Zone
1.32440 – 1.32310
Pending Support Area
Higher Time Frame Support Base
Session Strategy
Therefore the higher time frame h1 favors the sellers as the price holds resistance at 1.33509 on h1 time frame. In addition a close above 1.33509 on h1 time frame. As a result the price would establish character shift on h1 time frame. Therefore forming the fresh support at 1.33146. In addition, a close above 1.33509 on m15, the price may confirm the character shift towards the bullish side, establishing the fresh support at 1.33081 on m15. Meanwhile a close below 1.32515 then the price may establish fresh supply zone at 1.32874. However, until the price holds 1.33509, downside remains intact.
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.