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 may continue to favor the sellers on h1 time frame, as the price holds the resistance at 4736 on h1 time frame. Moreover the m15 time frame shifted its character during the mid asian session today. Meanwhile the price established the fresh resistance at 4483 on m15 time frame. Moreover, a decisive close below 4416 on m15 time frame, could confirm the fresh resistance at 4460 on m15 time frame. Until 4602 remains intact on m15 time frame, short term correct may remain expected.
Resistance Zones
M15 Resistance Zone
4483.526 – 4485.528
Fresh Supply Zone
Short Term Intraday Resistance Region
H1 Resistance Zone
4725.865 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4356.847 – 4351.096
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Zone
Higher Time Frame Support Zone
Session Strategy
Although the price could its bearish structure on h1 time frame. Meanwhile the price holds the last resistance at 4736. In addition, a break 4736 on h1 time frame. As a result the price may confirm character shift towards the bullish side on h1 time frame. Meanwhile establishing the fresh support at 4575 on h1 time frame. On the other hand, reclaiming the 4602 on m15 time frame, may confirm the dual character shift on m15 time frame. As a result the price could confirm the fresh support at 4485 on m15 time frame. Until that 4485, may continue to act as a fresh resistance on 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.