Daily HFT Trade Setup – USDCHF Between HFT Sell & Buy Zones During Europe's Morning
This morning's analysis of high-frequency Fx trading algorithms shows that the USDCHF currency pair starts off the new week trading sideways between the two light HFT zones that are noted for today's session at the following levels:
- light HFT selling pressure zone today, which is located at 0.9163 and above.
- light HFT buying pressure zone is located at 0.9124 and below for today's Fx session.
With the predominant trend on the hourly timeframe being bearish, Fx traders may favour short positions on USDCHF in the near term. Thus, sell setups around the light HFT selling pressure zone may be attractive opportunities for scoring a profitable trade.