Daily HFT Trade Setup – EURCHF Between HFT Sell & Buy Zones
The predominant trend on the hourly timeframe is down, which is visually apparent but is also confirmed by our advanced RSI indicator (show with the red, down-pointing arrows). A retracement has also started, suggesting that an opportunity to go short may soon be presented.
Fx traders will be watching the light HFT selling pressure zone to be reached as a higher-probability reversal area, which today stands at 1.0965 and above.
The light HFT buying pressure zone, on the other hand, is located at 1.0918 and below.