Newstructurehigh — Trading Ideas on TradingView

The monthly on btcusd.The price confirms that it has reversed the bear market of 2022. We already knew this thanks to the analyzes of the lower time frames. With the engulfing bear not yet confirmed, the price draws a new price structure above the previous ath on a monthly timeframe, I know this is something we have already seen, but now we have the full picture and it is not something to be underestimated after we have seen on What resistance levels there was the first significant profit taking. Btc could catch its breath a bit before starting to run again, because with this confirmation which sees the sequence of highs and lows rising and the number of monthly sessions greater than the previous bear, it is only a matter of time, the price will take the direction of the rise and it will do so forcefully, when we cannot know, we have the long-term trend on our side, this would be enough even if we cannot predict the future.

The weekly on btcusd.6 weeks have passed since the ATH and the last four weeks have drawn bearish closings, albeit slightly. The price remains stuck in this range between 70k usd and 59k usd this week too, after running for 7 months without pauses or long corrections like this one underway. Sooner or later the buyers will show up and the price will resume the underlying trend, so I write to be very careful about selling now in the wake of news or the feelings we experience in these moments of pause. It should be noted that the price has not made any bearish structure since it made the all-time high, in the sense that it did not close below the previous session low. This data can also represent an important signal on what is happening at the moment, a decline that unleashes all its strength, but is always caged and kept high. In these moments of trading ranges, we can only wait and understand which direction the price will take and we know what the underlying trend is.

A new price structure on BTCUSD.The monthly candle has created a new price structure above the previous ath drawn in 2021. These structures are very important and are calculated on the closures, in this case monthly, even if one had also made one on the weekly towards the beginning of the month of March, was not as homogeneous as this one drawn the day before yesterday, because it was not present in some charts of other exchanges. These structures are very important, they can be used as support and resistance levels and outline trends. The latter are nothing more than a series of price structures either upward or downward, in this case upward, given that for the first time the monthly closes above 70k usd. A very strong and very useful signal, we have a very reliable level that can be used as resistance for the next movements. It should be noted that the trendline and the new bullish structure occurred at the same time, they are zones and not precise points, the first test of the previous historical high is concluded, once this short-term correction is over, we could see another test and establish whether the price has still have the strength to continue at least for the intermediate period.

The monthly on btcusd.The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support is in the 58k USD area, although between 63k and 61k USD there is another interesting area. What is striking is the fact that only in the January candle there was a correction, so looking at the fractal you notice similarities more with the bullish movement of 2016/17 than with the previous one 2020/21. Perhaps a new paradigm given that the main players in this market have changed.

NZDUSD: Resistance Turned Support? (H4)Hi There, It has been a while since I have posted anything to Trading View, apologies! I spotted this setup over the weekend and it seems to be playing out how I would expect. The new highs printed last week at 0.6850 indicate that this pair may move higher, or at lest retest last weeks high price of 0.6860. The red and green boxes show where I would be looking to enter and exit the market. The previous range resistance area at 0.6720-45 is where I am looking to enter long. The risk/reward is a decent 2:1. Good trading, Luke

AUDUSD: LONG TERM ANALYSIS BASED ON TIME AND SINE CYCLES !!!Hello Traders, Here I wanted to present everyone with a long term analysis based on TIME and SINE CYCLES methods. Looking at the monthly chart, we clearly see a strong bullish trend has been formed on this pair, which is easily seen by the formation of NSH's and NSL. Now at least we know that in the long run, we should be bullish on this pair. Next we determine if this pair is in a specific time cycle by shifting around the monthly cycle arc and we can see that this market is in a 2740 days or 391 weeks or 90 month time cycle. Every time we came close to the end of 90 month time cycle, we were exactly at the lowest points on this pair. The weekly cycle also lines up perfectly with the monthly time cycle and also the sine cycle . So the absolute best place to look for long entries on this pair is when we hit the coming up monthly cycle arc, which is most likely to occur around April/1/2016 . We also recently got a valid break and close below one of the monthly trend lines and currently we are waiting for a retest of that trend line before going lower. I have also placed a pending short order close to the broken trend line, with -100 pips stop loss and +693 pips of potential target which is at the 2nd monthly trend line. This 2nd trend line is where I most likely expect to see a strong trend reversal on this pair. Of course I won't be blindly placing a long pending order at that 2nd trend line, that would be considered gambling. But instead that would be the level at which I will be most interested in taking long positions on this pair. That's all I wanted to cover for this FX:AUDUSD pair, I hope I didn't overwhelm anyone with a long description :) I have added links to other pairs that I analyzed using this method, under the RELATED IDEAS section below. Do check them out if you require more information for time and sine cycles analysis. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)