EUR/USD
According to Christopher Lewis's analysis of the EUR/USD ”In the end, we had a candle that looks a bit like a hammer, and it probably suggests that the market is in fact going to continue going higher.”. That creates an investment opportunity on the instruments: “High”, “Touch up” and “No Touch down”.
I logged in the OptionFair™ binary options trading platform and I traded $1700 on the “Touch Up” 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 (10:52) was 1.36429 and the target price was 1.36468 for the expiration of 11:15. The Asset touched my target price at 10:59 and I made $1309.
GBP/USD
Following Christopher Lewis’s analysis of the GBP/USD “I will be using any short-term pullbacks to add to my position, because I believe that once we finally break out, it will in fact be very strong”, an investment opportunity on the following instruments is created: “High”, “Touch” and “No Touch down”.
I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "High" instrument. This kind of option has a return of 85% if the option closes above the target price, which means that if the signal is correct I could get a return of $1360 on my investment.
The market price for GBP/USD at the buying time (11:27) was 1.63865 for the expiration of 11:40. The Asset closed on 1.63866 and I made $1360.
