Trades Placed by optionFair
USD/JPY
According to Christopher Lewis analysis of the USD/JPY, “The 80 handle has been like a brick wall for months”. This creates an investment opportunity for binary option traders to use the instruments: “Low”, “No Touch” and “Touch down”.
I logged into the optionFair’s platform and I traded $1500 on the "Low" instrument. This kind of option has a return of 67% if the option will close above the target price, which means that if the signal is correct I will make a $1005 profit on my investment.
The target price for USD/JPY at the buying time, 10:34 am, was 79.613, set to expire at 10:45 am. The asset closed on 79.599 and I made $1005 in under 15 minutes.
EUR/USD
Based on Christopher Lewis analysis of the EUR/USD, “The previous candle was a shooting star, so it appears that we are simply going nowhere fast. Because of this, I find this pair a tough place to make a profit on at this point in time, and have been sitting on the side-lines lately”. That creates an investment opportunity in the following positions: “Boundary in” on the EUR/USD.
With optionFair™ binary options trading platform, I traded $2000 on the “Boundary in” instrument. This kind of option has a return of 70% if the option touches the strike price prior to the expiry- therefore if the signal is correct I could get a return of $1400 on my investment. The market price for the EUR/USD at the buying time (10:51) was 1.28984 and the target price was 1.29046 – 1.28926 for the expiration time of 11:30. The asset closed on 1.29033 and I made $1400 in under an hour.
