Trades placed by optionFair
Based on the analysis of the EUR/USD, the pair has a bearish tendency till it reaches the support level of 1.30. A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.That creates an investment opportunity on the instruments: "Touch Down", “No Touch” and “Low”.
I logged in to the optionFair™ Binary Options Trading Platform and traded with $1,300 on the “Touch Down” instrument. This kind of option has a return of 77% if the option will hits the strike price prior to expiry.
The market price for EUR/USD at the buying time (12:37) was 1.30691 and the target price was 1.30641 for the expiration of 13:00. The pair touched the strike price at 12:49 as I predicted it would and I earned $1,000 in 12 minutes!
Based on the analysis of the EUR/GBP, the pair has a support level at 0.83. If it’ll break that level the next target will be 0.80. Since the price of the pair at 11:53 was above the support level that creates an investment opportunity in the following assets: “High”.
With optionFair™ Binary Options Trading Platform, I traded with $1,200 on the “High” instrument. This kind of option has a return of 65% if the option expires above the strike price, but if I lose the position I’ll get a return of 10% on my investment. If the signal is correct, I could earn $780 on my investment. The market price for the EUR/GBP at the buying time (11:53) was 0.83124.
The expiration took place at 12:00 at the price of 0.83161, above the strike price which means I won this position.