Daily HFT Trade Setup – Potential Range Trading Opportunities at HFT zones on USDCHF
The analysis of HFT algorithms this morning shows that the USDCHF pair is range trading between the light HFT selling and buying pressure zones. The price came very close to the HFT sell zone on two occasions and reversed there after almost touching the area.
The light HFT selling pressure zone is located today 0.8892 and above, and is an area where traders may look to sell the USDCHF currency pair.
To the downside, the light HFT buying pressure zone is found today at 0.8852 and below, and it could be a potential lower border of this range. Namely, USDCHF reversed yesterday at the 0.8850 zone, making this area a technical support zone also.
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