Daily HFT Trade Setup – HFT Algorithms Selling EURCHF After Reversal of Rally
We are analyzing the activity of HFT algorithms and found an attractive "sell setup" on the EURCHF pair.
Namely, EURCHF rallied earlier in the session to reach the light HFT selling pressure zone that is located at 1.0858 and above. However, the bears pushed back here and rejected the bullish attempt, with EURCHF forming some bearish patterns on the hourly timeframe.
Moreover, this occurred at the previous highs from last week (see chart below)
The light HFT buying pressure zone for today is located at 1.0814 and below.