FxWirePro: Speculate AUD/CAD with binary puts upon shooting star formation – more weakness to persist

A shooting star is traced out at 1.0066 on intraday charts with leading indicators to converge the current price dips, we could still sense more weakness in the pair 1.0016 levels where it would see next strong support.

Thereby, capitalizing on the prevailing dips, with speculation perspectives we recommend buying one touch binary vega puts so as to derive maximum leverage benefits. So with these speculative instruments we eye on targets upto 50-60 pips southwards.

By employing these ATM binary vega puts at this juncture of during higher implied volatility times (the pair likely to perceive 13% of 1w contracts) one can multiply the returns by twice, thrice or even pour returns unimaginably. But do remember this call is strictly on speculative grounds.

The main advantages of such speculative instruments are maximize yields during high volatility times, when IV picks up during US sessions downward sentiments in spot intensifies, vega signifies the relative change in delta of put (it is likely to increase) and hence premiums spike up accordingly. Wider spreads indicate lack of liquidity. The spreads for one touch AUD/CAD options are constant time and barrier levels.