USD/CAD
Following Christopher Lewis’s analysis of the USD/CAD “The 1.07 level was the area that I needed to see broken to the upside in order to become very bullish of this pair, and start adding to previous positions. This now shows a market that’s ready to break out to the upside and really take off, as there isn’t much in the way of resistance between here and the 1.10 level”, an investment opportunity on the following instruments is created: “High”, “Touch up” and “No touch down”.
I logged in the OptionFair™ binary options trading platform and I traded $1500 on the "High" instrument. This kind of option has a return of 81% if the option closes above the target price, which means that if the signal is correct I could get a return of $1215 on my investment.
The market price for USD/CAD at the buying time (11:19) was 1.07170 for the expiration of 11:30. The Asset closed on 1.07188 and I made $1215.
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EUR/JPY
Based on Christopher Lewis's analysis of the EUR/JPY, “Because of this, it appears that the market is ready to go much higher, and as a result I feel that this market should go to the 145 level, perhaps even higher given enough time.” That creates an investment opportunity in the following positions: “High”, “Touch” and “No Touch down”.
With optionFair™ binary options trading platform, I traded $1700 on the “Touch” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.
The market price for the EUR/JPY at the buying time (12:14) was 142.190 and the target price was 142.270 for the expiration of 12:45. The Asset touched my target price at 12:19 and I made $1224 in 5 minutes.
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