Daily HFT Trade Setup – USDCHF Tops Out and Declines at HFT Sell Zone
We are analyzing Forex high frequency trading algorithms this morning and note that the USDCHF pair is exhibiting bearish price action after reaching the light HFT selling pressure zone that is located today at 0.934 and above.
Namely, USDCHF briefly reached the HFT sell zone earlier this morning, where the bullish attempt was rejected, and USDCHF promptly reversed down.
There is also a falling trendline of the two previous swing highs coinciding with the high at the HFT sell zone.
To the downside, the light HFT buying pressure zone is located at 0.9284 and below.
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