Daily HFT Trade Setup – Bullish Hammer at HFT Buying Zone on USDCHF
We are analyzing Forex high frequency trading algorithms this morning and note that the USDCHF pair shows bullish signs.
For instance, USDCHF has already reached the light HFT buying pressure zone that is located at 0.9193 and below. The price bounced there strongly, forming a bull hammer candle on the 1-hour timeframe (see chart below). Moreover, the bullish pattern comes at a technically important area below the 0.92 handle, with solid support from the early February lows located at 0.9175.
To the upside, the light HFT selling pressure zone is located today at 0.9222 and above.
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