Awaiting confirmation:
- AUD/JPY, 4/29. A pull back to the pps moving average, about ¥86.70 and then a bounce with trigger entry, as will a rise above today's high, ¥87.49
Forex currency pairs showing parabolic sar bear signals:
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A note on method: For stocks, I choose among signals, only watching those that meet a set of criteria aimed at moving the probabilities more in my favor.
For the 16 forex pairs I follow, I watch all signals, even when the trend is weak and the whipsaws likely.
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
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