Trades Placed by optionFair
GBP/USD
According to Colin Jessup's analysis of the GBP/USD “This is a common continuation pattern known as a 'last kiss' or 'retouch' that suggests that the pair will continue higher”. That creates an investment opportunity on the instruments: “LOW”, “Touch Down” and “No Touch”.
With the optionFair™ binary options trading platform, I traded $1550 on the “No Touch” instrument. This kind of option has a return of 72% if the option doesn’t touch the strike price prior to the expiry, that means that if the signal is correct, I could get a return of $1116 on my investment.
The market price for the GBP/USD at the buying time (11:00) was 1.5814 and the target price was 1.58192. The option didn’t hit the target price and I made $1116.
EUR/USD
Based on Christopher Lewis's analysis of the EUR/USD. “the ECB possibly doing something of these in magnitude which of course they will more than likely disappoint on. Because of this, it really is a difficult market to trade”. That creates an investment opportunity in the following positions: “Touch”, “Out” and “Touch down” on the EUR/USD.
I logged into the OptionFair™ binary options trading platform and I traded $1550 on the "Out" instrument. This kind of option has a return of 70% if the option will close out the target price, which means that if the signal is correct I could get a return of $1085 on my investment.
The target price for EUR/USD at the buying time (11:01) was 1.25456-1.25336 for the expiration of 11:30. The Asset closed on 1.255855 and I made $1085.
