M15 & H1 Intraday Key Levels|Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On rise
Session Focus: London| Nyc
London Market Overview
Although the structure remains bearish on higher time frame. However as the price established change of character on higher time frame during the asian session by giving decisive close below 157.117 in h1 timeframe. On the other hand, a decisive close above 157.755 would establish the character shift towards bullish side.
Resistance Zones
M15 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Anticipated Supply Reaction Area
H1 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Multi-timeframe Resistance Alignment Area
Support Zones
M15 Support Zone
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
H1 Support Zone
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
Session Strategy
Although the sellers are dominating the price in higher time frame. Meanwhile the buyers are active at 156.219 on higher timeframe. In addition, if 156.219 breaches then the sellers can dominate the price till 155.590. However the buyers remain active at 156.219.
Nyc Session Outlook
Although the price is continuing it’s bearish structure. Meanwhile the price approaching the higher time-frame resistance at 157.735. Moreover the pending support will reman valid at 156.219 on higher time frame. Therefore the downside would remain intact.
Key Resistance And Support Zones
M15\H1 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Multi-timeframe Resistance Alignment Area
H1 Support
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
Session Strategy
Although the sellers controlling the higher time frame. Meanwhile the price established higher timeframe resistance at 157.735. In addition, a decisive close above 157.972 would establish dual change of character on higher timeframe. Moreover if sellers dominate the price at h1 resistance then the price may test the level at 156219 – 156.170. Furthermore downside would remain intact, as long as the price holds the resistance at 157.972
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.