Cable Update (GBPUSD)

stopped out… waiting for second leg buy.

looks like 1.2343 - 1.2319 - 1.2308. This 30 pips zone will provide support for short term.

Buy order


1.2325
tp 1.2400


BUY BELOW 100% WEEKLY ATR SCALP

Buy EU 0750 now, GU 2375
will add more if come down till 0700, GU 2330

Stop hunt was made
Now it's time to

I should have taken my own advice...This DXY trendline is just going up and up and up

Fomc minutes tonight last hope of a ride up .. Bailey has opened the trap door despite data being better than expected

do not hope, act

To BPR then down again?
We already have internal structure BOS LL

falling in luv is more beautiful than falling in knife, GL to buyers

overtrade until.my bloodsugar goes to moon

GU:H1

the bear hasnt finished yet

my target for fomc today if
bear = 1.2320 - max 1.2280 ( at mid bollinger bands weekly)

I’m long on a second leg now… all lose expected to be recovered plus profits if TP smash.

Exited at 1.2389.... -1 pip.. Will wait to buy lower.

I was listening to the latest Palisades Gold Radio podcast this morning and the guy on it was talking about his research into historical US government debt. He's found that on average, US gov debt doubles approximately every 8 years. A number of years ago he also predicted $40 trillion of debt very soon and everyone thought he was crazy, but here we are at $32 trillion.

He pointed out that the interest payments on $40 trillion debt at 5% (because the debt can't be repaid they have to roll it over to the current interest rates) would take up 50% of all federal tax revenue, just on the interest. It also means that at a rate to doubling every 8 years, by the end of the decade, US gov debt would be about $64 trillion.

The only option is to inflate it away and introduce the CBDCs. If you introduce a new currency, well all your old debt is in the old currency so you can create as much as you want and inflate the value to zero and pay it all off with valueless currency.