Daily HFT Trade Setup – USDCHF Reverses at HFT Selling Zone
Today's analysis of high frequency trading algorithms shows that the USDCHF pair may offer potential trade setups from the short side.
Namely, USDCHF has already reached the light HFT selling pressure zone that is located today at 0.9049 and above. The price reacted well here, and the bullish attempt was reversed. The advanced FxTR overbought/oversold indicator shows that the reversal also occurred at overbought levels on the hourly chart.
USDCHF is now on the decline and may continue to fall toward the light HFT buying pressure zone at 0.9011 and below.
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