Daily HFT Trade Setup – EURUSD Correction Enters into HFT Selling Zone
HFT algorithms in the Fx market for today's trading session indicate that the EURUSD pair may be nearing its high for the day.
For instance, EURUSD has now entered into the light HFT selling pressure zone, which is located today at 1.0954 and above. Bearish pressures can increase here as more sellers may enter the market at these levels. The advanced FxTR Divergence indicator (plotted below the candles) shows that bearish divergence currently exists on the 1-hour chart.
To the downside, the light HFT buying pressure zone is located today at 1.0843 and below.
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