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AUDUSD BINARY CALL OPTION – APRIL 7TH 2015

BITCOIN 783.674 10:40 10.12
BitCoin/CNY 5410.955 10:40 10.12
BITCOIN 783.389 10:20 10.12
BitCoin/CNY 5408.990 10:20 10.12
BITCOIN 783.152 10:00 10.12
BitCoin/CNY 5407.350 10:00 10.12
BITCOIN 783.084 09:40 10.12
BitCoin/CNY 5406.880 09:40 10.12
BITCOIN 783.408 09:20 10.12
BitCoin/CNY 5409.120 09:20 10.12
BITCOIN 783.886 09:00 10.12
BitCoin/CNY 5412.420 09:00 10.12
BITCOIN 782.885 08:40 10.12
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By: Adam Stone
April 7th, 2015 6:09am GMT, London UK
Today’s Binary Options Trading Strategy:
• Currency Pair: AUDUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.7630
• Upside Potential: The upside potential for this binary call option is 305 pips to 0.7935
• Downside Potential: The downside potential for this binary call option is 95 pips to 0.7535The AUDUSD stabilized inside of its horizontal support level after a strong corrective phase guided this currency pair from its intra-day high of 0.7938 which was recorded on March 24th 2015 to its intra-day low of 0.7533 which was reached on April 2nd 2015. The most recent intra-day low represents a false breakdown below its horizontal support level, but last Friday’s disappointment out of the United States non-farm payrolls report provided the catalyst which pushed the AUDUSD back inside of its horizontal support level. The initial bounce recorded an intra-day high of 0.7695 on April 3rd 2015 and a steep descending resistance level emerged.

AUDUSD

Price action is currently trading inside of its horizontal support level from where further downward pressure is being deflated. The AUDUSD is anticipated to breakout above its horizontal support level and accelerate back into its horizontal resistance level. Binary options traders can profit from the expected breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.7630 for a risk/reward ratio of 1.0/3.21.

Volatility decreased during the corrective phase and despite the false breakdown below its horizontal support level, volatility remained contained. An increase in volatility is expected as price action is trading in a very steep triangle formation. Sellers are likely to pressure the AUDUSD to the downside in order to challenge its most recent intra-day low which is not expected to be violated. Buyers are favored to force a breakout above its descending resistance level as well as above its horizontal support level in order to accelerate to the upside; guided higher by its ascending support level.

The AUDUSD will face its first resistance level at its intra-day high of 0.7695 which was reached on April 3rd 2015. This level marked the high recorded during its bounce off of its most recent intra-day low. A breakout above this level will take the AUDUSD to its intra-day high of 0.7847 which was recorded on March 18th 2015. This level marked the intra-day high after the disappointment delivered by the US Federal Reserve. The final resistance level is located at its intra-day high of 0.7938 which was reached on March 24th 2015 from where a double top formation may emerge.

The following economic data out of Australia already impacted the base currency, the Australian Dollar, of the AUDUSD currency pair:
Retail Sales for the month of February:
• Expectations: A monthly increase of 0.4% was expected for February
• Previous Report’s Data: A monthly increase of 0.5% was reported in January
• Released Data: A monthly increase of 0.7% was reported in February
• Impact on the Australian Dollar: The reported increase in Australian retail sales sufficed to apply upward pressure on the Australian Dollar; this favors binary call options in the AUDUSD currency pair

In addition the following economic report out of the United States is expected to impact the quote currency, the US Dollar, of the AUDUSD currency pair:
Consumer Credit for the month of February:
• Expectations: A level of $12.650 is expected for the month of February
• Previous Report’s Data: A level of $11.562 was reported in the month of January
• Impact on the US Dollar: The anticipated increase in US consumer credit is unlikely to support a stronger US Dollar which favors binary call options in the AUDUSD currency pair

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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