Daily HFT Trade Setup – USDCHF Near HFT Selling Zone & Horizontal Resistance
The analysis of high-frequency trading algorithms this Monday morning shows that the USDCHF pair is trading near levels that could provide attractive selling opportunities.
Namely, USDCHF is currently near the light HFT selling pressure zone, which is located today at 0.8928 above. Additionally, this area around 0.8920 - 0.8930 is a resistance, and we already see several rejections as the price approached the area.
If USDCHF starts moving down from here, it will be confirmation that selling pressures have overtaken the bulls. To the downside, Fx traders may target levels toward the light HFT buying pressure zone that is located at 0.8882 and below.