Daily HFT Trade Setup – EURCHF Probing HFT Sell Zone
The activity of high frequency trading algorithms shows the EURCHF pair is now testing the light HFT selling pressure zone that is noted today at 1.0347 and above.
Traders will watch the price action for a bearish reversal in this area, not least as the advanced FxTR overbought/oversold indicator is about the enter the overbought area too (see chart below). A bearish signal on the intraday charts here like 1-hour timeframe may suffice for EURCHF bears.
The light HFT buying pressure zone is located today at 1.0262 and below.
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