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 trades bearish on higher time frame structure. On the other hand the m15 shifted its character during mid asian session today, As a result, price established the fresh intraday support at 5130.
Resistance Zones
M15 Resistance Zone
5189.971 – 5191.051
Pending Resistance Area
Key Resistance Zone
H1 Resistance Zone
5367.309 – 5375.884
Pending Supply Zone
Higher Time Frame Supply Area
Support Zones
M15 Support Zone\H1 Support Zone
As the price trades bearish on higher time frame hence no near by support formed by the price, on the other hand short term intraday will remain valid at 5130.528
Session Strategy
Although the sellers are controlling the higher time frame bias, meanwhile the m15 established change of character of while establishing the fresh support at 5130 on m15 time frame. In addition, a decisive close above 5187 on higher time frame h1 would establish change of character on h1 time frame while establishing the fresh higher time frame support at 5157. Therefore the shorter time frame buyers will remain intact.
Nyc Session Outlook
Although the higher time frame bias are respecting the sellers while trading below 5187 on h1. Meanwhile the price hasn’t established the new support on m15 shorter time frame and hasn’t formed any new resistance on higher time frame on h1.
Key Resistance and Support Zones
M15 Resistance Zone
5224.452 – 5227.003
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
5367.309 – 5375.884
Pending Supply Zone
Higher Time Frame Supply Area
Support zone
M15 support Zone
5130.528 – 5125.029
Pending Support zone
Short Term Intraday Demand Zone
H1 Support Zone
4961.422 – 4960.656
Pending Support Reaction Area
Higher time frame Support Confluence Zone
Session Strategy
Although the price trades in bearish structure. Meanwhile the price trades below 5187. In addition ,a decisive close above 5187 on higher time frame h1. As a result, the price may establish the change of character on h1 time frame. Meanwhile price established the fresh higher time frame support at 5157. Meanwhile, a break above 5195 on m15 time frame. As a result the price would establish the new support at 5169. On the other hand, if market looses 5154 on m15, then the price would shift its character on m15 time frame from bullish to bearish while establishing the fresh resistance 5187. Furthermore downside remains continue and the short term support will remain valid at 5130
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.