Daily HFT Trade Setup – GBPUSD Bearish Candle at HFT Sell Area

 

 

 

 

 

 

 

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We are analyzing Fx HFT algorithms today and note that the GBPUSD pair has now reached the light HFT selling pressure zone, which is located at 1.2126 and above. 

The bullish attempt was already rejected now and a bearish candle has formed on the hourly chart. Downside action from here could take GBPUSD toward the light HFT buying pressure zone is noted today at 1.2036 and below.