Successful Trades: USD/CHF & GBP/USD - 29 April 2015

USD/CHF

According to Christopher Lewis’ analysis of the USD/CHF, “The 0.95 level below has been massively supportive, and I believe that support extends all the way down to at least the 0.94 handle. However, when you look at this chart you can see that there is a little bit of a descending triangle, and then of course suggest that we are trying to break down.” That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch Down”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Low" instrument. This kind of option has a return of 73% so if the option will close below the target price, which means that if the signal is correct I could get a return of $876 on my investment.

The target price for USD/CHF at the buying time (10:53) was 0.95462 for the expiration of 11:00. The Asset closed on 0.95444 and I made $876.

GBP/USD

According to Christopher Lewis’ analysis of the GBP/USD, “The GBP/USD pair initially fell during the session on Tuesday, but once we got below the 1.52 level we found plenty of buyers in order to turn this market back around. Ultimately, we closed at the highs of the session, well above the 1.53 handle. However, we are starting to run into a significant amount of noise, which I think extends all the way to the 1.55 region. I think that it’s only a matter of time before we get there.” That creates an investment opportunity on the instruments: “High”, “No Touch Down” and “Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch up" instrument. This kind of option has a return of 70% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $840 on my investment.

The price for GBP/USD at the buying time (10:22) was 1.53803 and the target price was 1.53911 for the expiration of 10:45. The asset touched my target price at 10:24 and I made $840.