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 h1 time frame. In addition, the price established change of character during the mid nyc session yesterday. Meanwhile forming the fresh resistance at 1.33843 on h1. On the other hand the m15 price structure confirmed the character shift towards the bullish side while giving the decisive close above 1.33662.
Resistance Zones
M15 Resistance Zone
1.33684 – 1.33704
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
1.33845 – 1.33929
Pending Supply Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone
Although the price trades in bullish structure on m15 time frame. But the price hasn’t established any fresh support on m15. In addition the pervious support is already tapped by the price. Meanwhile awaiting for the new structure.
H1 Support Zone
1.33018 – 1.32989
Pending Supply Zone
Higher Time Frame Support Base
Session Strategy
Although the price structure may continue to favor the sellers on h1 time frame. While holding the last resistance at 1.33929 on h1. In addition, a break above 1.33929 on h1 time frame, the price may confirm character shift towards the bullish side. As a result the price could establish the fresh support at 1.33714. On the other hand, if price looses 1.33488 on m15 time frame. As a result the price could form the change of character on m15 time frame, while forming the fresh resistance at 1.33545. Moreover, until 1.33488 remains intact on m15, the short term buyers would remain intact.
Nyc Session Outlook
Although the price is likely to continue the bearish momentum on h1 time frame. Meanwhile holding the last resistance at 1.33929 on h1 time frame. On the other hand, on the m15 time frame the price established fresh resistance at 1.33669 on m15. In addition h1 resistance remains the same at 1.33845. Moreover, a close below 133488 on h1, the price may confirm the fresh resistance at 1.33658.
Key Resistance & Support Zones
M15 Resistance Zone
1.33669 – 1.33680
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
1.33845 – 1.33929
Pending Supply Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zones
As the price trades in bearish structure on m15 time frame. As a result the price hasn’t established any fresh support zone on m15. Meanwhile awaiting for the new structure.
H1 Support Zone
1.33018 – 1.32989
Pending Supply Zone
Higher Time Frame Support Base
Session Strategy
Although the price may continue to favor the sellers on h1, as long as the price holds the resistance at 1.33929 on h1. In addition, a break above 1.33929 on h1 time frame, the price may confirm the character shift towards the bullish side, then the price is likely to make the fresh support at 1.33715 on h1. On the other hand, reclaiming the 1.33680 on m15, may confirm the change of character on m15 time frame. As a result the price is likely to make the fresh support at 1.33533.
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.