Daily HFT Trade Setup – HFT Algorithms Selling EURGBP
Fx high frequency trading algorithms show that the EURGBP pair has reached the light HFT selling pressure zone, which is located today at 0.8291 and above.
The bullish attempt was rejected and a bearish engulfing candle has formed on the hourly EURGBP pair. This can be interpreted as a bearish sign for further downside action in today's session. A break below the local lows at 0.8280 could trigger an extension lower.
To the downside, the light HFT buying pressure zone is located at 0.8265 and below for today's session.