USD/JPY – Binary Option example

This was a weekly option on Nadex with a strike price of 110.75

I speculated that the pair would move lower and sold the binary option at market, at 22.25

A limit order was entered to cover at 15 and was filled.

This was all complete in just over an hour, before the Stock Market open.

This is how the chart and binary quote looked after the trade was closed

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