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 favors the sellers on h1 higher time frame. As the price confirmed the character towards the bearish side as the price closes below 75.78540 at the time of mid nyc session yesterday. As a result, price exposed the fresh resistance zone at 76.66750 on h1. On the other hand, m15 time frame follows the h1 bearish structure, as the price confirmed the fresh resistance at 74.54955 on m15. Moreover, if price looses 72.88570 on m15, the price may form the fresh resistance at 74.31243 – 74.41151 on m15
Resistance Zones
M15 Resistance Zone
74.54955 – 74.65556
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
75.54761 – 75.78540
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish on both the time frame. Therefore the price hasn’t established any fresh or pending support zone on h1 and m15 time frame. Meanwhile awaiting for the new structure.
Session Strategy
Although the h1 time frame is likely to continue the downside momentum, as the price respect the key resistance zone at 75.78540 on h1. Meanwhile, a decisive close above 75.78540on h1 time frame, as the price would validate the change of character towards the bullish side. As a result, price may establish the fresh support zone at 74.86066 – 74.70874 on h1. In addition, a break above 74.65229 on m15 time frame. As a result, price would confirm the character shift towards the bullish side, while setting up the fresh support zone at 73.62648 – 73.49338 on m15 time frame.
Nyc Session Update
Although the price may carry on bearish momentum on h1 time frame, as the sellers are defending the key resistance at 75.78540 on h1. Meanwhile, the price hasn’t established any fresh resistance on none of the time frame. In addition, the pending supply zone would remain active on both the time frame m15 and h1. Therefore awaiting for new structure.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
74.54955 – 74.65556
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
75.54761 – 75.78540
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone\H1 Support Zone
Although the price remains in downside structure on both the time frame. Therefore the price hasn’t established any recent or pending demand zone on h1 and m15 time frame. Meanwhile awaiting for the new structure.
Session Strategy
Although the h1 time frame may continue the downside momentum, as the price trades below the key resistance zone at 75.78540 on h1. Meanwhile, reclaiming 75.78540 on h1 time frame, as the price may validate the character shift towards the bullish side. As a result, price may form the recent support zone at 74.86066 – 74.70874 on h1. Moreover, a close above 74.65229 on m15 time frame. As a result, price would validate the change of character towards the bullish side, while establishing the fresh support zone at 73.62648 – 73.49338 on m15 time frame.
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.