A Spot on Trend Reversal Prediction Helped SFX Traders Make 150% Profit

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We give away Bitcoins to the best Trading Ideas authors. SimpleFX traders following the forex advice last week made a 150% profit. Congratulations!

Each author of the winning Trading Idea gets a prize paid in Bitcoin to their trading account.

Here’s the complete list of the winners in January so far. 

Trader Trading Idea Prize
danitani455 BTCUSD Technical analysis $25
abbounmeriem usdjpy short $25
jojopink1991 USDMXN major support $25
vasquez2197 Lenguaje del Precio. Análisis EURUSD $25

USDMXN – a spot on trend reversal prediction

SimpleFX trader jojopink1991 made an accurate forecast for USDMXN trend reversal on January 20. The US dollar has been depreciating against the Mexican peso for months until it reached a significant support line, that was not so obvious, since it was placed below 20 MXN.

The trader wrote:

The pair is testing the major support at 19.59 for the seconde time during 15 days , now it has to go up to test the small trend line at 19.94, beofre testing the big trend line at 20.25 – 20.40 area.

Since January 20, the USDMXN rose by almost 3%. Traders following jojopink1991 Trading Idea with high leverage made 150% profit. Thanks for sharing your insights!

Congratulations to the first winner.

Perfectly timed reversal on EURUSD

The next prize goes to our Spanish-speaking trader vasquez2197, who predicted the upcoming uptrend on the bearish euro-dollar market on January 19.

El par EURUSD se encuentra en un momento bastante interesante al marcar un posible fin de la contracción con un bastón alcista (marcado de color verde). Se debe estar atento a una muy posible aceleración que marcará el fin de la contracción por cuanto el bastón alcista está precedido por un esquema de falla. Atentos a una entrada en largo.

Over the next, two days EURUSD climbed 0.85%, which is an impressive jump on this forex pair. Congratulations to the author and everyone following his tips. Bien Hecho!

Keep posting your Trading Ideas, share them with your friends on social media. Not only you can win $25 each week, but also if anyone registers to SimpleFX via your Trading Idea, you get a lifetime revenue share from this account!

If you don’t know how to share your ideas, read our short guide on how to make a TI and share it.

We’ll announce the best Trading Ideas for the next month at the end of February.

 

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