M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the h1 may continue to trade in bearish price structure, as the h1 established character shift towards the bearish side during the mid asian session, while giving the decisive close below 4667.484 on h1. Meanwhile the h1 formed the fresh resistance at 4724. In addition, the m15 follows the broader h1 time frame bearish structure, while trading below the last resistance at 4800.730 on m15. As a result the price established fresh resistance on m15 at 4691.878
Resistance Zones
M15 Resistance Zone
4691.878 – 4699.245
Fresh Resistance Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4710.927 – 4723.959
Fresh Resistance Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or pending support at m15. Meanwhile awaiting for the new structure.
H1 Support Zone
4546.989 – 4529.960
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the h1 is likely to continue to bearish price structure, as the price trades below the key resistance zone at 4800.730 on h1. In addition, a decisive close above 4800.730 on h1 time frame, the price would confirm the character shift on h1 time frame. As a result, price may expose the fresh demand zone at 4723.959 – 4710.927 on h1. Moreover, a break above 4699.245 on m15 time frame. As a result the price would confirm the change of character on m15, while establishing the fresh support zone at 4676.308 – 4656.013 on m15.
Nyc Session Update
Although The price is likely to continue the downside momentum, until 4800.730 remains intact on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on h1 and 15 both the time frame. In addition the previous supply zone would remain valid on both the time frame h1 and m15. Moreover, a decisive close below 4554.101 on h1 and m15 both the time frame. As a result, the price may confirm the further downside momentum, while establishing the fresh resistance at 4642.784 – 4651.024 on h1 and m15 bot the time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
4691.878 – 4699.245
Fresh Resistance Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4710.927 – 4723.959
Fresh Resistance Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or pending support at m15. Meanwhile awaiting for the new structure.
H1 Support Zone
4546.989 – 4529.960
Pending Demand Zone
Higher Time Frame Support Base
Session Strategy
Although the h1 time frame may remain in the favor of sellers, until the price trades below the last supply zone at 4800.730 on h1. Therefore, reclaiming 4800.730 on h1 time frame, the price would confirm the character shift on h1 time frame. As a result, price may expose the fresh demand zone at 4723.959 – 4710.927 on h1. In addition, if price closes above 4699.245 on m15 time frame. As a result the price would confirm the change of character on m15, while establishing the fresh support zone at 4676.308 – 4656.013 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.