EUR/JPY
Christopher Lewis stated in his analysis of the EUR/JPY that, “I think that we will continue to see the slow steady grind higher”. This creates an investment opportunity with the following tools; “High”, “Touch” and “No Touch”.
I logged onto OptionFair’s trading platform and traded $1,500 with the "High" instrument. This kind of option has a potential return of 75% if the option closes above the target price, which means that if the signal is correct I could get a return of $1,125 on my investment.
The market price for EUR/JPY at the buying time (10:41) was 130.189 for the expiry of 10:50. The asset closed on 130.214 and I made $1,125.
EUR/USD
Christopher Lewis stated in his analysis of the EUR/USD that, “If you are a short-term trader though, there is the possibility that we could rise to the 1.30 level”. That indicates an investment opportunity with following positions: “High”, “Touch” and “No Touch”.
On OptionFair’s trading platform I traded $1,600 on the “Touch” instrument. This kind of option has a potential 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 $1,232 on my investment.
The market price for the EUR/USD at the buying time (10:24) was 1.28834 and the target price was 1.28896 for the expiration of 10:45. The Asset touched my target price at 10:33 and I made $1,232.
