EUR/JPY
According to Christopher Lewis’s analysis of the EUR/JPY, “I feel that this market should continue to go 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 $1500 on the "High" instrument. This kind of option has a return of 80% if the option will close above the target price, which means that if the signal is correct I could get a return of $1200 on my investment.
The target price for EUR/JPY at the buying time (13:21) was 147.605 for the expiration of 13:30. The Asset closed on 147.640 and I made $1200.
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EUR/USD
According to Christopher Lewis’s analysis of the EUR/USD, “The US dollar continues to be the favored currency by Forex traders around the world, so therefore there is no way for me to feel comfortable shorting it against pretty much any currency anyway”. That creates an investment opportunity on the instruments: “Low”, “Touch down” and “No Touch up”.
I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "Touch down" instrument. This kind of option has a return of 75% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1200 on my investment.
The price for EUR/USD at the buying time (13:35) was 1.23820 and the target price was 1.23761 for the expiration of 14:00. The asset touched my target price at 13:44 and I made $1200.
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