Trades placed by OptionFair
GBP/USD
Based on DailyForex analysis of the GBP/USD is rising towards the third Elliot wave. The Elliot wave is a theory named after Ralph Nelson Elliott, who concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Based on rhythms found in nature, the theory suggests that the market moves up in a series of five waves and down in a series of three waves.
The key difference between the Elliott Wave Principle and other cyclical theories is that this theory suggests no absolute time requirements for a cycle to complete.
This behavior creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No Touch Down” on the GBP/USD.
With optionFair™ Binary Options Trading Platform, I’ve traded $1,400 on the “No Touch Down” instrument. This kind of option has a return of 72% if the option will touch the strike price prior to expiry, which means I’ll earn $1,008 on my investment. The market price for GBP/USD at the buying time (10:54) was 1.54527 for the 11:15 expiration, and the strike price was 1.54467. The option expired at 1.54665, and I won the position.
USD/JPY
Based on Dailyforex analysis, the USD/JPY is dropping. That creates an investment opportunity in the following position: "Low".
With optionFair™ Binary Options Trading Platform, I traded $1,750 on the "Low" instrument. This kind of option has a return of 65% if the option expires below the strike price, which means I’ll earn $1,137 on my investment. The market price for USD/JPY at 11:04 for the 11:15 expiry was 76.855. The expiration took place at 76.841, so I've won my position!
