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 price structure on h1 higher time frame. Meanwhile the price trades below the key resistance zone at 1.32767. In addition, the m15 time frame follows the broader time frame bearish structure while trading below the last resistance at 1.32766, as the price hasn’t established any fresh resistance on m15 time frame. Moreover higher time frame resistance would remain valid at 1.33116 on h1
Resistance Zones
M15 Resistance Zone
1.33234 – 1.33324
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.33116 – 1.33324
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh or pending support zone at m15. Meanwhile awaiting for the new structure.
H1 Support Zone
1.32098 – 1.32037
Pending Demand Zone
Higher Time Frame Support Zone
Session Strategy
Although the price is likely to continue the bearish price structure on h1 time frame, as the price trades below the key resistance level at 1.32766 on h1. Therefore, a close above 1.32766 would confirm the character shift towards the bullish side on h1 time frame. As a result, the price may establish the fresh support at 1.32764 – 1.32605 on h1. On the other hand, a decisive close above 1.32766, would confirm change of character towards the bullish side. As a result, the price is likely to establish fresh support at 1.32683 – 1.32678. Until 1.32766 remains intact on m15 and h1 both the time frame, the downside may continue.
Nyc Session Outlook
Although the price may remains in bearish price structure on h1, as the price trades below the key resistance zone at 1.32766 on h1. Meanwhile the price hasn’t established any fresh resistance zone on h1. Moreover, the m15 time frame continues to follow the broader time frame bearish price structure, while establishing the fresh resistance at 1.32755 on m15. In addition, a decisive close below 1.32329 on h1, may confirm the fresh resistance at 1.32729 – 1.32826
Key Resistance & Support Zone
M15 Resistance Zone
1.32755 – 1.32774
Fresh Support Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
1.33116 – 1.33324
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zone
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh or pending support zone at m15. Meanwhile awaiting for the new structure.
H1 Support Zone
1.32098 – 1.32037
Pending Demand Zone
Higher Time Frame Support Zone
Session Strategy
The price is likely to continue the bearish price structure on h1, as the price trades below the h1 resistance area at 1.32766. However, if price closes above 1.32766 would confirm the character shift towards the bullish side on h1 time frame. As a result, the price may establish the fresh support at 1.32764 – 1.32605 on h1. In addition, reclaiming the 1.32826 on m15 would confirm the dual character shift towards the bullish side. As a result the price may expose the fresh support at 1.32774 – 1.32755.
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.