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 in bearish structure on h1 time frame. Meanwhile the sellers are defending the last resistance area at 4867.286 . In addition, a break above 4867.286 on h1 time frame. As a result, the price may confirm the fresh demand zone on higher time frame h1. As long as the price holds 4867.286 on h1, the further downside would remain intact. downside may continue.
Resistance Zones
M15 Resistance Zone
4865.902 – 4867.286
Fresh supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
4858.616 – 4867.286
Fresh Supply Zone
Higher time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 higher time frame. Therefore the price hasn’t established any demand zone on any time frame h1 and m15. Meanwhile higher time frame pending support would remain valid at 4963.751 – 4585.175.
Session Strategy
Although the price trades in bearish structure on h1 higher time frame. Meanwhile the buyers sellers are defending the resistance area at 4867.286on h1 time frame. In addition, a close above 4867.286on h1 time frame. As a result the price may confirm the character shift on h1 time frame towards the bullish side. Meanwhile the price would form the fresh support at 4818.188. On the other hand, a break above 4867.286on m15, then the would establish the change of character, meanwhile establishing the fresh support at 4811.292. As long as the price holds 4867.286on h1, the further downside would remain intact.
Nyc Session Outlook
Although the higher time frame favors the sellers, as the price holds the last resistance at 4867.286 on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on any time frame. Therefore 4867.286 would act as the fresh resistance on h1 time frame. As long as the price holds 4867.286 on higher time frame h1, further downside would remain intact.
Key Resistance & Support Zones
Resistance Zones
M15 Resistance Zone
4865.902 – 4867.286
Fresh supply Zone
Short Term Intraday Resistance Zone
H1 Resistance Zone
4858.616 – 4867.286
Fresh Supply Zone
Higher time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 higher time frame. Therefore the price hasn’t established any demand zone on any time frame h1 and m15. Meanwhile higher time frame pending support would remain valid at 4963.751 – 4585.175.
Session Strategy
As the price trades in bearish structure on h1 time frame. Meanwhile m15 following the higher time frame bias. In addition a close above 4867.286 on h1 time frame. As a result the price would establish the character shift towards the bullish side, while forming the fresh support at 4818.188. Moreover, a break above 4867.286 on m15, the price may establish the change of character, and establishing the fresh support at 4811.292. Until the price holds 4867.286 on h1, the further downside would remain intact
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.