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 remains bearish on h1 and h4 time frame. Afterwards the price established character shift on m15, establishing the support at 5094.138. Meanwhile the structure remains bearish until the price establish character shift on h1 time frame. However the downside will remain intact.
Resistance Zones
M15 Resistance Zone
5224.334 – 5227.029
Pending Supply Zone
Short-term Resistance Area
H1 Resistance Zone
5367.039 – 5375.884
Pending Supply Zone
Higher Timeframe Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
The price didn’t establish any support in higher timeframe as the price is bearish in higher timeframe. Meanwhile the higher timeframe support at 4878 at 1d level
Session Strategy
The sellers are dominating in the market. Meanwhile the price formed a short term support base at 5094.138 on m15 time frame. Moreover the higher time frame support base at 4878 at 1d level. In addition if price close above 5375.884 on h1 then the price may confirm the bullish structure on the higher time frame. Furthermore downside will remain continue until the price holds last resistance at 5375 on h1 time frame.
Nyc Session Outlook
Although the higher timeframe structure remains bearish as price is struggling establishing character shift on higher timeframe. Meanwhile the price formed short-term support base at 5089 on m15 time frame.
Key Resistance and Support Zone
M15 Support
5089.070 – 5083.786
Short-term Intraday support basse
H1 Resistance
5367.039 – 5375.884
Higher Timeframe Resistance Area
1D Support
4878
Higher Timeframe Support
Session Strategy
Although the sellers are dominating the price on higher timeframe. Meanwhile the buyers took control in lower timeframe on m15. Moreover if price decisively closes above 5375.884 then the price would establish character shift on higher timeframe until that seller will dominate the price.
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.