M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price shifted it’s character in shorter timeframe m15 from bearish to bullish, giving decisive close above 157.384 in m15 but h1 structure remains bearish until it closes above 157.971 in h1 timeframe.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
As of now the price is currently trading above higher timeframe resistance and hasn’t established any new resistance yet, meanwhile the higher timeframe resistance remain valid at 158.056 in h4 timeframe
Support Zones
M15 Support Zone\H1 Support Zone
The price hasn’t established support at higher timeframe as the price continuing the bearish structure in h1 timeframe, meanwhile short-term timeframe support remain valid at 156.931 – 156.905 in m15
Session Strategy
The structure is bearish in higher timeframe while the price shifted it’s character in m15, establishing the support at 156.931. If price closes above 157.971 in h1 timeframe, then the price could expose the level at 157.755 which may act as the new support in higher timeframe. Until that downside remains intact in higher timeframe.
Nyc Session Outlook
Shorter timeframe remains bullish while forming the fresh support at 157.490, while higher timeframe is still in bearish structure but hasn’t formed or stablished any resistance in higher timeframe.
Key Resistance and Support Zone
Resistance Zone: The price hasn’t established new resistance in higher timeframe, meanwhile the resistance at 158.056 in h4 will remain valid
Support Zone: The price established support at 157.490 – 157.419 in shorter timeframe in m15.
Session Strategy
Although the price continues bearish structure on higher timeframe. Moreover, reclaiming the 157.968 on time frame h1 then the price would change it’s character in higher timeframe, 157.755 will act as fresh support at higher timeframe. Until that short term support remain valid at 157.490 m15 and resistance at 158.056 h4
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.