Analysis by optionFair
This trade was based on Doug’s analysis of the GBP/USD. The GBP continues to remain bullish which creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No Touch Down” on the GBP/USD.
With optionFair™ binary options trading platform, I traded $1250 on the “Touch” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $900 on my investment. The market price for GBP/USD at the buying time (12:41) was 1.5633 and the target price was 1.56387. the GBP/USD price hit the strike price in less than 9 minute, and I won the position, earning $900 in a short time!
Based on Doug’s analysis of the EUR/JPY, if the pair will continue to go up, you can choose the instrument which will follow it through – “Touch”, “No touch down” or “High”.
With optionFair™ binary options trading platform, I traded $1330 on the “High” instrument. This kind of option has a return of 85% if the option expires above the strike price, which means that if the signal is correct, I could get a return of $1130 on my investment. The market price for EUR/JPY at the buying time (12:35) was 104.150. The option moved in the right direction, So I chose not to close the option prior to expiry. It turned out to be the right decision, since I have earned $1130.