Daily HFT Trade Setup – HFT Algos Selling Pushes Back on Bullish Attempt on EURCHF
The activity of high frequency trading algorithms this morning shows that the EURCHF pair may be a good shorting opportunity for the current day-trading session.
Namely, EURCHF earlier today reached the light HFT selling pressure zone that is located today at 1.0719 and above.
But the bullish attempt was stopped there and the price declined, forming a high. It now remains to be seen whether this proves to be the daily high or the bulls will stage another attack on the HFT sell zone.
To the downside, traders will look for EURCHF to decline toward the light HFT buying pressure zone, which is standing today at 1.0683 and below.
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