Daily HFT Trade Setup – EURUSD Enters HFT Sell Zone Near 1.22
We are analyzing the activity of high-frequency trading algorithms in the Fx market this morning and note that the EURUSD pair is moving higher to interesting levels that could offer selling opportunities.
EURUSD just entered the light HFT buying pressure zone that is located at 1.2188 and below. No signs of sellers entering the market here are present at the moment, but that could easily change as the session progresses today. Nonetheless, it's important to wait for a bearish/sell reversal signal before taking a short EURUSD trade.
The light HFT selling pressure zone is located today at 1.2123 and above.
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