!! We are not talking about binary options !! We trade only options ( vanilla) in forex / commodities & indexes .
Analysis :
GBPAUD is testing support from weekly supply/demand zone , and our oscillator shows price has been trading in oversold territory for few sessions and potentially divergence will occur soon in oscillator when this time faster line crosses above slower line , and we expect potential price movement upside towards retest of previous support turned resistance near 1.780 zone ,
and to trade this setup we have decided to use options rather than spot forex , because we can trade this analysis safely and benefit from price movement without risking much of our capital .
As we expect price to move higher in next 21 days we will be buying below Options contract , and in this way our fixed loss is 38 euro , which is current price of option now , and loss cannot exceed this amount even if trades goes against our direction , but if it will move as expected we will be able to profit from it ,
so this is a great way to benefit from price movement , and trade longer term analysis , without risking account ,
BUY CALL OPTION :
STRIKE PRICE : 1.7750
EXPIRY : 21 APR
CURRENT 1 LOT PRICE : 38 EURO
its easier to trade on direction of price rather than exact entries..
Stay tuned to get more updates on this trade and other ideas like this..
Analysis :
GBPAUD is testing support from weekly supply/demand zone , and our oscillator shows price has been trading in oversold territory for few sessions and potentially divergence will occur soon in oscillator when this time faster line crosses above slower line , and we expect potential price movement upside towards retest of previous support turned resistance near 1.780 zone ,
and to trade this setup we have decided to use options rather than spot forex , because we can trade this analysis safely and benefit from price movement without risking much of our capital .
As we expect price to move higher in next 21 days we will be buying below Options contract , and in this way our fixed loss is 38 euro , which is current price of option now , and loss cannot exceed this amount even if trades goes against our direction , but if it will move as expected we will be able to profit from it ,
so this is a great way to benefit from price movement , and trade longer term analysis , without risking account ,
BUY CALL OPTION :
STRIKE PRICE : 1.7750
EXPIRY : 21 APR
CURRENT 1 LOT PRICE : 38 EURO
its easier to trade on direction of price rather than exact entries..
Stay tuned to get more updates on this trade and other ideas like this..