SergeantPringles

SergeantPringles Updated 

We saw a rejection from the upper blue solid trendline in a downtrend. This Impulse rejection broke the only 2 relevant lower degree trendlines so im biased towards short for the moment anway. I do think we will break the upper solid line soon to start a bit of a bigger correction before continuing lower but at this timeframe at this moment i think a quick short...

SergeantPringles Updated 

If we can break the dashed blue line to the upside like we are currently tryin, look for corrections on the lower timeframe to go long. if we then get all the way up to the solid blue line, try to look for reversalsignals to go short

SergeantPringles Updated 

I posted this a couple weeks ago sayin to look for shorts if we respect the trendline. Now we might be on the edge for the next big impulse down. Since im not in yet i will be looking for an entry if we can make new lows below the original breakout (so 7250). aggressiv stop is shown on the chart. conservative stop is above the recent consolidationswing or all the...

SergeantPringles Updated 

Back from 2 week vacation. so will be posting more from now on again. First thing here is the bat pattern on the 15m that terminates pretty nice at a trendline cluster. Since we had a pretty strong upmove recently in the S&P i think its time for a bigger correction (to the downside here) so i wouldnt suggest goin for trendcontinuation targets. Also keep your stop...

SergeantPringles

We recently saw the breakout out of the upward (wedge) consolidation. While shorts from an bigger picture point of view can therefore start to look tempting, i would wait till we see confirmation of that breakout by a lower degree breakout of an correction. Thats why, this bat pattern might be a good place a still look for longs to catch the upward move in this...

SergeantPringles Updated 

I expect this to be an ABC correction. so i wanna enter it one way or another. if we come down here alittle more i will be entering at 1260. if we however only press higher now i will be buying the breakout. either way i will be long

SergeantPringles

First of: I know i mixed up support and resistance on the chart. but i did want to get the chart out as quickly as possible. Setup is pretty straight forward. We are sitting at a retest zone of the doublebottom neckline which also was strong support prior to that. A retest of the upper line of the current correction (blue dash) will already provide us with a...

SergeantPringles

We still have alot of room to the upside inside the bigger trendchannel. so look for longs after the breakout to the upside to catch that move

SergeantPringles

AUDJPY is currently consolidating in a triangleshape on the higher timeframe. We now broke a relevant trendline inside the triangle to the upside after retesting the lower triangle line. So we might be on our way to the upper trendline now and can look for trades indicating this. One thing im interested in is the breakout to the upside of the current correction....

SergeantPringles

In AUDCAD we saw (just like i posted earlier this month) a double breakout. this gives us a really nice risk reward on our entry if we can find another breakout to the upside.

SergeantPringles

Currently we see a small Shark setting up at the end of an ABC correction after the initial impulse out of the PRZ of the bigger shark. Can be a good entry to get into the market with a small risk but with a nice reward - trading the bigger picture.

SergeantPringles Updated 

Thus far Copper has been nothing but bullish this year. We now roughly completed the 5 wave upward impulse leaving us in an area to look for a possible correction. On the 15m Copper seem to go further down for the rest of the day which would give us a nice pinbar respecting and closing below the angled swing resistance, recent swings highs at "3" and the 1618...

SergeantPringles Updated 

I already expected the recent downmove to be the start of a bigger abc correction but we spiked higher. now we reached the PRZ of the shark which will be a key zone an i think a good chance that we might see the anticipated abc correction (finally) How big this might be will show, but i think the lines shown in the picture are the minium size. but techically C...

SergeantPringles Updated 

This is my one of my watchlist pairs for this week. We just completed a gartley ontop of the breakout from a somewhat decnt trendline. the potential room is all the way up to recent structure coming in at a nice daily trendline. thats why you should look for lower timeframe long breakouts in the current market state. i keep you updated if there are setup...

SergeantPringles Updated 

We have beng ranging inside this resistance zone for quite abit now, which is understandable, since its a really high timeframe resistance. With this Gartley we can find a nice reason to go short now, which is good because we have alot of potential room to the downside. i will be using a lowertimeframe trendline to look for an indication of a reversal

SergeantPringles

After taking a minimal loss tryin to trade this to the upside yesterday, i think the chances are increasing that we will now breakdown from here. this will most likly only be a correction overall but that doesnt mean we cant profit. so watch out for that.

SergeantPringles

While EURUSD has been more sideways and up and down than basicly any other pair this year, the overall trend is still still up. after the ECB Press Conference last week we saw this huge spike up due to good news bringing us back above the trendline. after that its no surprise that movement hasnt really been there the last couple of days. but if we now can break...

SergeantPringles Updated 

Currently sitting in an expanding triangle. We might see a break below that or a continuation inside it. just be ready for either scenario. i personally think it would be time for a bigger downward signal(so a break below), but we will see.