Successful Trades: EUR/USD, USD/JPY - 7 October 2014

Trades placed by Optionfair

USD/JPY

According to Adam Lemon’s analysis of the USD/JPY, “We seem to be forming a wide bearish channel”. 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 $1500 on the "Low" instrument. This kind of option has a return of 75% if the option will close below the target price, which means that if the signal is correct I could get a return of $1125 on my investment.

The target price for USD/JPY at the buying time (11:17) was 108.591 for the expiration of 12:00. The Asset closed at 108.458 and I made $1125.

EUR/USD

According to Adam Lemon’s analysis of the EUR/USD, “We saw a strong counter-trend move against the USD and it was manifested in this pair by a fairly steep upwards move. This is a significant move and is indicative that this whole week might be counter-trend”. 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 $1600 on the "Touch up" 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 (11:30) was 1.26190 and the target price was 1.26240 for the expiration of 11:45. The asset touched my target price at 11:40 and I made $1200.