EUR/JPY
According to Christopher Lewis’ analysis of the EUR/JPY, “The market should find enough selling pressure between here and there to continue the longer-term downtrend”. That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch down”.
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 79% if the option will close below the target price, which means that if the signal is correct I could get a return of $1185 on my investment.
The target price for EUR/JPY at the buying time (14:00) was 134.567 for the expiration of 14:15. The Asset closed on 134.541 and I made $1185.
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EUR/USD
According to Christopher Lewis’s analysis of the EUR/USD, “The US dollar is by far the strongest currency in the world right now, so it is difficult to imagine that we are going to do anything but test those lows”. That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch down”.
I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "Touch Down" 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 (13:59) was 1.14587 and the target price was 1.14512 for the expiration of 14:15. The asset touched my target price at 14:11 and I made $1200.
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