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 is continuing the bearish structure on higher time frame h1. Meanwhile at the time of asian open m15 shifted its character. As a result, giving decisive close below 5065 and making the fresh resistance at 5134,
Resistance Zones
M15 Resistance Zone
5134.762 – 5143.590
Already Tapped But Still Valid
Short Term Intraday Supply Zone
H1 Resistance Zone
5367.309 – 5375.884
Pending Supply Zone
Higher time Frame Supply Area
Support Zones
M15 Support Zone
4972.143 – 4972.818
Pending Demand Area
Primary Support Reaction Level
H1 Support Zone
4960.656 – 4961.422
Pending Demand Area
High-Probability Support Zone
Session Strategy
Although the structure will remain bearish until price holds 5206 on h1 time frame. In addition if the price decisively close above 5206 on h1 time frame. As a result the price would establish change of character on h1 time frame while forming the support at 5049 on h1. On the other hand if price closes above 5141 on m15 time frame. As a result, the price would form the change of character on m15 timeframe while forming the support at 5090. Therefore the downside would remain intact.
Nyc Session Outlook
Although the price continues to trade is bearish structure on both the time frame h1 and m15. Meanwhile the price attempted to establish the change of character on shorter time frame m15. Moreover the sellers dominate the price at 5134 and pushed the price towards downside.
Key Resistance And Support Zones
M15 Resistance
5189.971 – 5191.051
Pending Supply Area
Short Term Resistance Zone
H1 Resistance
5367.309 – 5375.884
Pending Supply Zone
Higher time Frame Supply Area
Support Zone
4972.143 – 4972.818
Pending Demand Area
Primary Support Reaction Level
H1 Support Zone
4960.656 – 4961.422
Pending Demand Area
High-Probability Support Zone
Session Strategy
Although the sellers are controlling the higher the higher time frame h1 and the shorter time frame m15 bias. In addition a decisive close above 5141 on m15 time frame. As a result the price could establish the change of character while forming the support at 5090. On the other hand reclaiming the 5206 on h1 time frame. As a result the price would establish the character shift on higher time frame while establishing the support at 5049.
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.