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 is likely to continue the bearish price structure on h1, as the price holds the the last resistance at 4699.925 on h1. In addition, the m15 follows the broader time frame bearish bias, while trading below 4699.925. Therefore, a break above 4699.925 on m15 and h1 both. As a result, price may validate the character shift towards the bullish side, and would form the fresh support on m15 and h1 both. Moreover, a decisive close below 4554.447 on h1, may indicate the carrying on the downside momentum on m15 and h1 both the, while setting up the fresh resistance at 4681.736 – 4699.925 on h1 and on m15 4693.224 – 4699.925
Resistance Zones
M15 Resistance Zone
4788.558 – 4793.111
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
4710.927 – 4723.959
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t set up any fresh support on h1. Therefore awaiting for the new structure.
H1 Support Zone
4546.989 – 4529.960
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the price may carry on the downside momentum, until 4699.925 remains intact on h1. Therefore a decisive close above 4699.925 on h1 time frame. As a result, price may confirm the character shift towards the bullish side, as the price would form the fresh support at 4610.969 – 4601.319 on h1. In addition, reclaiming 4699.925 on m15, the price may expose the change of character towards the bullish side on m15 time frame. As a result price may establish the fresh support at 4603.616 – 4601.319 0n m15.
Nyc Session Update
Although the price may continue to favor the sellers, as the price trades below the key resistance zone at 4699.925 on h1. Meanwhile the m15 time frame confirmed the character shift towards the bullish side, as the price closes above 4699.925, and established the fresh support at 4652.597 on m15.
Resistance Zones
M15 Resistance Zone
4788.558 – 4793.111
Pending Supply Zone
Key Resistance Region
H1 Resistance Zone
4710.927 – 4723.959
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4652.597 – 4643.965
Fresh Demand Zone
Short term Intraday Support Base
H1 Support Zone
4546.989 – 4529.960
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the price may continue the downside momentum, until 4699.925 remains intact on h1. However, reclaiming 4699.925 on h1 time frame. As a result, price may validate the character shift towards the bullish side, as the price would form the fresh support at 4610.969 – 4601.319 on h1. Moreover, if price looses 4643.965 on m15, the price may confirm, the change of character towards the downside on m15 time frame. As a result price may form the fresh resistance at 4673.847 – 4678.828 0n m15.
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.