Daily HFT Trade Setup – CADJPY Backs Off from HFT Sell Zone

The activity of HFT algorithms in the Fx market this Monday morning shows that the CADJPY pair could be a potential "short" opportunity.

Namely, CADJPY earlier reached the light HFT selling pressure zone, which is located at 105.56 and above. The bullish attempt was rejected there, and the pair backed off from the daily highs.

The 105.20 price zone is notable support for CADJPY. The bears will be looking for a break below, which could suggest more bearish potential in today's trading session. The light HFT buying pressure zone is located at 104.45 and below.