Trades Placed by optionFair
GBP/USD
Christopher Lewis stated in his analysis of the GBP/USD, “I do believe that the British pound is in trouble. If you look at it against the Euro as well, it looks horrible. I would be willing to start selling this pair on short term charts that show hints of weakness” This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.
I logged in the OptionFair binary options trading platform and I traded $1600 on the "Low" instrument. This kind of option has a potential return of 85% if the option will close below the target price, which means that if the signal is correct I could get a return of $1360 on my investment.
The target price for GBP/USD at the buying time (10:52) was 1.56391 for the expiry of 11:00. The asset closed on 1.56392 and I made $1360.
EUR/USD
Christopher Lewis stated in his analysis of the EUR/USD that, “I believe that every time this pair pulls back over the next few weeks will be an opportunity to build huge long positions. In fact, that's exactly what I'm doing right now”. This indicates an investment opportunity on the instruments: “High”, “Touch” and “No Touch”.
I logged in the OptionFair binary options trading platform and I traded $1700 on the “Touch” instrument. This kind of option has a return of 77% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1309 on my investment.
The market price for the EUR/USD at the buying time (10:24) was 1.3527 and the target price was 1.35356 for the expiry of 10:45. The asset touched my target price at 10:30 and I made $1309 in 1 minute!