Trades placed by optionFair
EUR/USD
Based on Christopher Lewis's analysis of the EUR/USD the trend is down. This creates an investment opportunity in the following positions: “Low” or “Below”, “Touch Down” or “No Touch” on the EUR/USD.
I logged into optionFair™ Binary Options Trading Platform, and I put $1,350 on the "Low" instrument. This kind of option has a return of 85% if the option will expire below the strike. The market price for EUR/USD at the buying time (11:37) was 1.27971 for the 12:00 expiration. The option expired below the target price as I had expected and I earned $1,147 on the trade.
USD/CAD
Based on Christopher Lewis's analysis of the USD/CAD this pair has formed a symmetrical triangle. As long as the pair doesn't breakout, the pair will trade inside the triangle range. The USD/CAD price at 10:30 was 1.0157, since it is closer to the triangle support level that creates an opportunity to trade on the following instruments: “Touch”, "No Touch Down" or “High".
I decided to place $1,150 on the "Touch" instrument. I opened the position at 11:18 when the price was 1.01496 and the target price was 1.01556 for the 11:45 expiry.
This kind of option has a return of 71% if the option will touch the strike price prior to the expiry time, means I’ll earn $816 on my investment.
The market price hit the strike price at 11:26 which means I won the position in only 8 minutes!
