Daily HFT Trade Setup – USDCAD in a 25 Pip Range Between HFT Buy & Sell Zones
We are analyzing HFT algorithms in the Fx market this morning and note a sideways, ranging activity on the USDCAD pair. The price has been moving in a tight 25 pip range during the current session, between the light HFT buying and selling pressure zones.
Traders may look for contrarian trade setups at one of these zones if they are reached later in the session. The two zones are noted at the following levels today:
- the light HFT buying pressure zone that is found at 1.254 and below
- the light HFT selling pressure zone is located today at 1.2606 and above
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