Daily HFT Trade Setup – HFT Algorithms Flag Potential Buy Trades on EURCHF
We are analyzing high-frequency trading data for the Fx market session today and note that the EURCHF pair could prove an interesting buy opportunity.
Namely, EURCHF is in a gradual decline for the last couple of session and is extending into the current one as well. The pair is now nearing the light HFT buying pressure zone that is noted for today's session at 1.1015 and below. Buyers are likely to be drawn into entering the market at these levels, which may in itself cause a reversal. The advanced FxTR Divergence indicator is also signaling that bullish divergence exists on the EURCHF hourly chart.
The light HFT selling pressure zone is located today at 1.1053 and above.
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