Daily HFT Trade Setup – EURUSD Rising Toward HFT Sell Zone Ahead of a Busy NY Session
We are analyzing the activity of high frequency Fx trading algorithms this morning and note that the EURUSD pair could reach levels that may offer interesting setups to go short.
Namely, EURUSD is rising this morning toward the light HFT selling pressure zone, which is seen at 1.1799 and above for today's session.
It will be a busy New York session today, considering that the US Nonfarm Payrolls report is scheduled for release. Volatile price action is to be expected, which could create attractive tradable opportunities.
To the downside, the light HFT buying pressure zone is located today at 1.1732 and below.
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