Daily HFT Trade Setup – NZDJPY Trades Near HFT Buy Pressure Zone
We are analyzing Fx HFT algorithms this morning and note that the NZDJPY pair is moving down and near the light HFT buying pressure zone that is located at 84.8 and below.
The slow and gradual move down suggests there are decent changes for NZDJPY to rebound at the light HFT buying zone. So far, the day's low is only 2 pips away from the HFT zone, and NZDJPY is already bouncing. The bulls will certainly be looking for a reversal here.
The light HFT selling pressure zone is located at 85.47 and above.