M15 & H1 Intraday Key Levels| Bearish (mid london shift)
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price trades in bullish structure on h1 higher time frame. Meanwhile the buyers are defending the last support at 159.261 on h1 higher time frame. In addition, a break above 159.902 on h1 time frame. As a result the price may confirm the fresh support on higher time frame h1. Meanwhile a close below 159.261 on m15 and as well as on h1 time frame, the price may establish change of character on m15 time frame.
Support Zones
M15 Support Zone
159.388 – 159.261
Fresh Support Zone
Short Term Intraday Demand Zone
H1 Support Zone
159.405 – 159.261
Fresh Support Zone
Higher Time Frame Demand Zone
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
Therefore the price trades in bullish structure on higher time frame h1. However the price hasn’t established any fresh resistance or any pending resistance on any time frame h1 and m15. Meanwhile awaiting for the new structure to be formed.
Session Strategy
As the price trades in bullish structure on h1 time frame. As a result the buyers are defending the last support at 159.261 on h1 higher time frame. In addition, a break below 159.261 on h1 higher time frame. As a result the price may confirm the fresh resistance on h1 time frame at 159.496. On the other hand, a decisive close below 159.261 on m15 time frame. As a result the price may establish the character shift towards the bearish side, while forming the fresh resistance at 159.567 on m15 time frame. In addition, a break above 159.902 on h1 time frame, may confirm the fresh support on h1 time frame at 159.664.
Nyc Session Outlook
Although the price shifted its character from bullish to bearish on h1 time frame by giving the decisive close below 159.261. As a result the price established the fresh resistance on h1 time frame at 159.498. On the other hand the price established fresh resistance on m15 time frame as well at 159.566. In addition. until the price holds the 159.902 on h1 higher time frame, the further downside remains intact.
Key Resistance & Support Zone
M15 Resistance Zone
159.565 – 159.587
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
159.458 – 159.587
Fresh Supply Zone
Higher Time Frame Resistance Area
Support Zone
M15 Support Zone
159.388 – 159.261
Pending Support Zone
Short Term Intraday Demand Zone
H1 Support Zone
159.405 – 159.261
Pending Support Zone
Higher Time Frame Demand Zone
Session Strategy
Although the higher time frame bias favors the sellers. As a result the price holds the last resistance at 159.902 on higher time frame h1. Meanwhile, a close above 159.902 on h1 and m15 time frame. As a result the price may establish dual character shift towards the bullish side. Meanwhile forming the fresh support at 159.587 on h1 and m15 both the time frame. In addition, a break below 159.040 on m15 time frame, then the price may confirm the fresh resistance at 159.388, until that 159.565 would act as the fresh resistance on shorter time frame.
Key Takeways
Trend: Bearish (mid london shift)
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.