EUR/USD
Based on Christopher Lewis's analysis of the EUR/USD: “I think that all those sellers could continue to push the market lower” and “I think that the market is heading to the 1.33 handle”. That creates an investment opportunity in the following positions: “Low”, “No Touch” and “Touch Down”.
With OptionFair™ binary options trading platform, I traded $1600 on the “Touch Down” 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 $1232 on my investment.
The market price for the EUR/USD at the buying time (11:36) was 1.34381 and the target price was 1.34310 for the expiration of 12:15. The Asset touched my target price at 11:57 and I made $1232.
EUR/CAD
Following Christopher Lewis’s analysis of the EUR/CAD “It appears that we should continue to see weakness in this pair overall”, an investment opportunity on the following instruments is created: “Low”, “Touch down” and “No touch up”.
I logged in the OptionFair™ binary options trading platform and I traded $1500 on the "Low" instrument. This kind of option has a return of 75% if the option closes below the target price, which means that if the signal is correct I could get a return of $1125 on my investment.
The market price for EUR/CAD at the buying time (11:35) was 1.40614 for the expiration of 11:45. The Asset closed on 1.40604 and I made $1125.
