Trades placed by optionFair
Based on Christopher Lewis’s analysis of the EUR/USD, this pair continues with its bearish movements. Believing that a particular security, a sector, or the overall market is about to fall. The term "bear" has been used in a financial context since at least the early 18th century. While its origins are unclear, the term may have originated from traders who sold bear skins with the expectations that prices would fall in the future.
That creates an opportunity on the instruments: "No Touch", “Touch Down” and “Low”.
I logged in to the optionFair™ Binary Options Trading Platform and traded $1,555 on the “Touch Down” instrument. This kind of option has a return of 77% if the option touches the strike price prior to the expiry time. I could get a return of $1,197 on my investment.
The market price for EUR/USD at the buying time (11:07) was 1.32131 and the strike price I got was 1.31328. The EUR/ USD price hit the strike price at 11:16 and I won $1,197 in nine minutes!
Based on Christopher Lewis’s analysis of the AUD/USD the pair is heading upwards. That creates an investment opportunity on the “High” instrument.
I logged in the optionFair™ Binary Options Trading platform at 10:57 and traded with $1,710 on the “High” instrument for the expiration of 11:15 with a strike price of 1.05212. This kind of option has a return of 80% if the option expires above the strike price at expiry time, meaning I could earn $1,385 on my investment.
The market price for the pair at the expiry time was 1.05290 and I won my position.