Daily HFT Trade Setup – GBPUSD Between Light HFT Buy & Sell Zones
The analysis of HFT algorithms' activity today shows that the GBPUSD pair is moving sideways between the two nearest HFT zones.
Cable traders, thus, may be looking for either bullish or bearish setups at either one of the high frequency trading zones.
For today's session, the two light HFT zones are noted as follows:
- light HFT selling pressure zone located at 1.3366 and above.
- light HFT buying pressure zone located at 1.3285 and below.
The big trend most recently here was down, so probably this will be a reason for traders to be more inclined to enter short positions instead of long. This could mean there are good chances GBPUSD will reverse back down if it reaches the light HFT sell zone.