M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Therefore the price trades in bearish structure on the h1 higher time frame. Moreover the price established fresh resistance on m15 time frame at 4375. On the other hand, the price hasn’t established any fresh resistance on h1 time frame. Meanwhile the pending resistance would remain valid at 4725. In addition, reclaiming the 4736 on h1 time frame. As a result the price may confirm the fresh support on h1 time frame. Therefore, if price looses 4100, on m15 time frame. As a result the price may establish the fresh supply zone at m15 time frame.
Resistance Zones
M15 Resistance Zone
4375.457 – 4382.015
Fresh supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
4725.713 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Confluence Area
Support Zones
M15 Support Zone
4073.734 – 4068.691
Pending Demand Area
Short Term Support Base
H1 Support Zone
4044.204 – 4040.323
Pending Demand Area
Higher Time Frame Support Base
Session Strategy
However the sellers are dominating the price on the higher time frame h1. Meanwhile the price holds the last resistance at 4736 on h1 time frame. Therefore, a decisive close above 4736, may establish character shift towards the bullish side. As the result, the price may confirm the fresh support base at 4574 on h1 . On the other hand, a break above 4382 on m15 , the price could confirm the character shift towards the bullish side, As a result the price may confirm the fresh support base at 4471 on m15.
Nyc Session Outlook
Although the price trades in bearish structure on h1 time frame. Meanwhile the price shifted its character on m15 time frame, by giving the decisive close above 4382 on m15 time frame. Therefore the price established fresh demand zone at 4342 on m15. On the other hand , the h1 structure remains bearish until the price holds the last resistance at 4736 on h1 time frame.
Key Resistance & Support Zone
M15 Resistance Zone
4524.004 – 4537.451
Pending Supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
4725.713 – 4736.179
Pending Supply Zone
Higher Time Frame Resistance Confluence Area
M15 Support Zone
4342.051 – 4335.736
Fresh Demand Zone
Short Term Intraday Support Base
H1 Resistance Zone
4044.204 – 4040.323
Pending Demand Area
Higher Time Frame Support Base
Session Strategy
Although the higher time frame bias favors the sellers, as the price trades below the last resistance at 4736 on h1 time frame. However, a close above 4736, may establish character shift towards the bullish side. As the result, the price may confirm the fresh support base at 4574 on h1. On the other hand, if price closes below the 4335 on m15, then the price could confirm the character shift towards the bearish side on m15 time frame. As a result the price may confirm the fresh resistance at 4382. Until the 4335 remain intact, the short term buyers would remain interested.
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.