Indian Forex Forum is pleased to announced that now it will be holding a Regular Weekly Contest, Yen Weekend Magic (Weekend Contest).
In this Contest, The Participants would just need to Predict How the Next Coming Weekly Chart Candlestick of Eur/Jpy, Usd/Jpy & Gbp/Jpy would Look Like once it gets Closed???
The Participants Should give their Weekend Predictions in Respective Thread.
Will it Either be a :-
```1.) BULL ````````````` OR````````````2.) BEAR
The Participant who Predicts Two Correct Weekly Candles of Eur/Jpy, Usd/Jpy & Gbp/Jpy from 3 Weekly Candles will be announced as a Winner.
Contest Rules :-
1.) All Registered Members are Eligible to Participate in the Contest, they should just have an Instaforex Account Attached to their Profiles before Participation.
2.) The Contest is scheduled to run on Every Weekend.
3.) The Contest will Start on Every Saturday at 2.30 p.m GMT+5.30 IST & we will be closed as soon as Market Opens on Monday Morning.
4.) Predictions made by Participants will be accepted within the above mentioned Time.
5.) Participants would need to give their Predictions in the Respective Thread in following Format:-
- Eur/Jpy:- BULL.
- Usd/Jpy:- BEAR.
- Gbp/Jpy:- BULL.
7.) Editing of the Post after Prediction Time is NOT Allowed and will result as False Prediction.
8.) The Winners of the Contest will be known once the Market gets Closed.
9.) The Winners will be Announced within 5 days.
10.) The Total Prize Pool for Every Weekend for this Contest will be $80 & it will be Distributed Equally among the Winners.
11.) At Max there will be only 8 winners and the participant who gives his/her prediction first will be selected ahead of the other Participants.
12.) The Prize Bonus will be credited to Winners attached InstaForex Account within 1 week after the announcement of the results.
13.) The Final Result of the Candlestick Pattern Generated will be confirmed using InstaForex MT4 Trading Terminal.
14.) The Prize bonus is unwithdrawable, however you can withdraw profit earned from it without any limitations.
15.) If a winner doesn't have his/her account attached at the time of forwarding the winner details, his prize will be lost!
16.) Usage of Multiple Accounts or any Fraud Activity will result in Permanent Disqualification from the Weekly Contest Campaign.
1. BULL:- If a Weekly Candle Closes above it's Open Price then it is Said to be a BULL.
2. BEAR:- If a Weekly Candle Closes below it's Open Price then it is Said to be a BEAR.
3. Third Situation:- If a Weekly Candle Closes on it's Open Price then at this time if the Previous Weekly Candle is a BULL then this Candle will be declared as BULL. If the Previous Weekly Candle is BEAR then this Candle will be declared as BEAR.