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 continues its bearish structure followed by the yesterdays structure on h1 higher time frame. In addition the m15 time frame, follows the higher time frame structure h1. Meanwhile the price established the new resistance at 159.034. Moreover, if price holds 159.115 on h1 higher time frame, Furthermore downside would remain intact. A sustained break below 158.314 on m15 would open the door for further downside momentum. On the other hand, a close below 157.870 on h1 higher time frame, the price could confirm bearish remains intact.
Resistance Zones
M15 Resistance Zone
159.034 – 159.115
Fresh Supply Zone
Multi Time Frame Alignment Zone
H1 Resistance Zone
159.034 – 159.115
Fresh Supply Zone
Higher Time Frame Resistance Confluence Zone
Support Zones
M15 Support Zone
158.480 – 158.314
Pending Demand Zone
Short Term Intraday Demand Area
As the price trades in bearish structure on m15 time frame, while the price hasn’t established any fresh support. Meanwhile the pending support remain valid.
H1 Support Zone
157.999 – 157.870
Pending Demand Zone
Higher Time Support Region
As the price trades in bearish structure on h1 time frame, while the price hasn’t established any fresh support. Meanwhile the pending support remain valid.
Session Strategy
Although the price trades in bearish structure. Meanwhile the price holds the last resistance at 159.115 on h1 higher time frame. In addition a break above 159.115 on m15 and h1 both the time frame. As a result the price would establish the character shift towards the bullish side. Meanwhile the price forming the fresh support at 158.876 on h1 higher time frame. On the other hand the price may confirm the fresh support at 158.848 on m15 time frame.
Nyc Session Outlook
Although the higher time frame structure favors the sellers. Meanwhile the m15 time frame established the character shift towards the bullish side. As the result the price established the new support on m15 time frame at 158.761. Moreover the price hasn’t established any new resistance on h1 timeframe. Therefore the previous resistance at 159.034 on h1 time frame, already tapped by the price. In addition a break above 159.115 on h1 time frame. As a result the price would establish the character shift towards the bullish side, while forming fresh support at 158.877
Key Resistance & Support Zones
M15 Resistance Zones
Although the price trades in bullish structure on m15 time frame. As a result the price hasn’t established any resistance on m15 timeframe. Therefore awaiting for new structure to be formed.
H1 Resistance Zone
Although the price trades in bearish structure on h1 higher time frame. But the price hasn’t established the new resistance on h1 timeframe. Meanwhile awaiting for the new structure.
Support Zone
M15 Support Zone
158.761 – 158.745
Fresh Demand Zone
Shorter Time Frame Intraday Demand Zone
H1 Support Zone
157.999 – 157.870
Pending Demand Zone
Higher Time Frame Support Region
As the price trades in bearish structure on h1 time frame, while the price hasn’t established any fresh support. Meanwhile the pending support remain valid.
Session Strategy
Although the higher time frame bias favors the sellers, as long as the price holds the last resistance at 159.115 on h1 time frame. Meanwhile the m15 time frame shifted its character while forming the fresh support at 158.761. Therefore, a decisive close below 158.745 on m15 time frame would establish the character shift again towards bearish side, as a result the price would establish the fresh resistance at 158.833 on m15 time frame. Similarly on the other hand, a break above 159.055 on m15 time frame, may confirm the fresh support on m15 time frame at 158.903.
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.