EUR/GBP
Following Christopher Lewis’s spot-on analysis of the EUR/GBP, “This pair in the short term range will continue to go up”, indicating that we have an investment opportunity using the “High” instrument.
I entered the trade using my OptionFair binary options trading account with an amount of $1,000 on the "High" instrument. The return offered was 65% if the option will close above the target price and a 10% refund if the option will close below the target price. Some quick math reveals that there is $650 to be made on my investment.
The target price for EUR/GBP at the buying time (9:53) was 0.79773 and expiration scheduled for 7 minutes later at 10:00. The option closed at 0.79774, meaning that Lewis was correct and I have just earned $650.
EUR/USD
It’s no secret that I’m a big fan of Christopher Lewis’s analysis of the EUR/USD and today was yet another reminder as to why. According to Lewis, “the pair is going up and will continue to stay bullish”. Binary options have ideal instrument for this scenario, both the “High” and “Touch” instruments can be used to generate a nice profit.
I logged on to my optionFair binary options trading account and I traded $1,000 with a 77% return offered on the “Touch” instrument. This means that if the option touches the strike price prior to the expiry, I could get a a 77% profit ($770) on my investment.
I bought the option at 10:51 when the pair was at 1.28997 and the target price at 1.29096. It took until 11:13 when the pair hit my target price and I was officially $770 richer.
