M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
The price is bearish on higher time frame h1 and shorter time frame m15, making the lower high and lower low on both the time frame, as the result the price established change of character on higher time frame h1 during the asian session, while giving the decisive close below 157.636 on h1 time frame while m15 time frame remains bearish followed by the yesterdays structure.
Resistance Zones
M15 Resistance Zone
157.950 – 157.955
Fresh Supply Zone
Intraday Short Term Resistance Zone
H1 Resistance Zone
157.879 – 157.955
Already Tapped Resistance Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone\H1 Support Zone
As the price is bearish structure, hence no near by support established by the price on shorter time frame m15 but the higher time frame support will remain at 156.941
Session Strategy
The sellers are controlling the higher time frame bias while making lower low and lower high on shorter time frame. A decisive close below 157.515 on higher time frame h1 would expose the level at 158.004, which may act as the fresh resistance on higher time frame h1. On the other hand if price closes below 157.539 on m15 then 157.891 could act as the next fresh resistance on m15 time frame. If price closes above 157.955 on m15 time frame then the price would establish change of character while making the support at 157.665.
Nyc Session Outlook
The price continues its bearish structure on higher time frame and on shorter time frame while establishing the new fresh resistance at h1 and m15 157.891.
Key Resistance and Support Zones
M15 & H1 Resistance zone
157.891 – 157.929
Fresh Resistance Zone
Multi Time Frame Alignment Area
Already Tapped But Still Valid
Support Zone
M15 & H1 Support Zone
As the continue its bearish structure, hence the price hasn’t established any near any support on h1 and m15 time frame. Meanwhile the long term support remain valid at 156.942
Session Strategy
Although the sellers are dominating the higher time frame while establishing the new resistance at 157.891. In addition, a decisive close above 157.929 on higher time frame h1. As a result the price would establish change of character on h1 as well as on m15 while forming the fresh higher time frame support at 157.587. On the other hand if price closes below 157.278 on m15 then this level would establish the new resistance.
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.