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 higher time frame. Meanwhile the price holding the last resistance at 4736 on h1 higher time frame. In addition, the m15 time frame trades in bearish structure. As a result, the price established the fresh resistance at 4456. Therefore the price hasn’t established any fresh resistance on h1 time frame. Moreover, if price closes below 4100 on h1 time frame then the price could establish the fresh resistance at 4513 on h1 time frame. Meanwhile the h1 higher time frame resistance would remain valid at 4736
Resistance Zones
M15 Resistance Zone
4456.826 – 4463.754
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
4726.022 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Area
Support Zones
M15 Support Zone
4073.734 – 4068.491
Pending Demand Area
Short Term Intraday Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price trades in favors of the sellers on h1 higher time frame. Meanwhile holding the last resistance at 4736. In addition, a decisive close above 4736 on h1 time frame, could establish character shift towards the bullish side. As the result, the price may establish the fresh support base at 4574 on h1 time frame. On the other hand, a break above 4513.616 on m15 time frame. As a result the price may form the change of character on m15 time frame, while forming the fresh support at 4463.754. Until 4513 remain intact on m15 time frame, the downside will remain intact.
Nyc Session Outlook
Although the sellers are controlling the h1 higher time frame, while the price holds the last resistance at 4736 on h1. On the other hand m15 time frame shifted its character, while giving the decisive close above 4425 and established the support at 4396, but its already tapped by the price. Therefore awaiting the new structure.
Key Resistance & Support Zones
Resistance Zones
M15 Resistance Zone
4456.826 – 4463.754
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
4726.022 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Area
Support Zone
M15 Support Zone
4073.734 – 4068.491
Pending Demand Area
Short Term Intraday Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Resistance Region
Session Strategy
Although the sellers are dominating higher time frame bias, as the price holds the last resistance at 4736. In addition, a decisive close above 4736 on h1 time frame, could establish character shift towards the bullish side. As the result, the price may establish the fresh support base at 4574 on h1 time frame. Moreover, if price looses 4391 on m15 time frame. As a result the price may establish the change of character towards the bearish side, while forming the fresh resistance at 4425. Until 4391 remains intact, upside momentum 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.