Daily HFT Trade Setup - USDCHF falling toward the HFT buy zone!
|We are analyzing the activity of HFT algorithms in the Forex market today and have noticed that the USDCHF currency pair is close to reaching the light HFT buying pressure zone that is noted at 0.9631 and below.
The trend is still bearish and the selling momentum is strong so it's not automatically going to be a buy signal if/when USDCHF reaches the light HFT buying pressure zone. The price also continues to trade inside of the bearish channel. A bullish break outside of this channel would be the first solid sign for a buy signal.
The Master MACD and the FxTR CCI should also turn bullish to support a long trade. In case this scenario materializes, resistance will be inside of the light HFT selling pressure zone that is noted at 0.9689 and above.
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