UK mini crash imminent, wealth tax to follow | Forex Factory

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UK mini crash imminent, wealth tax to follow

  • #1
  • First Post: Jul 11, 2025 5:21am Jul 11, 2025 5:21am
GBPUSD MINI CRASH IS IMMINENT FOLLOWED BY WEALTH TAX THEN Back to business as usual

Charts are lined up perfectly and look at what is happening in the bond markets etc


Any thoughts for discussion welcome
Follow The Markets Structure - Patience and Discipline
  • #2
  • Jul 11, 2025 7:54am Jul 11, 2025 7:54am
Lol, there’s no possibility at all of a wealth tax in the UK, especially after this week’s conversations at PMQ’s.

Starmer may be stupid in some ways (though even Michael Gove admits that at the moment he’s actually doing rather better than any of the media credit him with), but even he’s not that stupid.
Victoria Chenevix
  • #3
  • Jul 15, 2025 12:26am Jul 15, 2025 12:26am
Quoting pipfarm
GBPUSD MINI CRASH IS IMMINENT FOLLOWED BY WEALTH TAX THEN Back to business as usual Charts are lined up perfectly and look at what is happening in the bond markets etc Any thoughts for discussion welcome
Nothing's happening in the bond markets... 10 yr gilts are at July 2023 levels.
  • #4
  • Jul 15, 2025 7:19am Jul 15, 2025 7:19am
Quoting Victoria.C
Lol, there’s no possibility at all of a wealth tax in the UK

For sure. Not only has it been expressly excluded, but they'd never get it through the Lords anyway.

They're very aware that the next election will be a fight between themselves and Reform, not between themselves and the Conservatives, so for all the obvious reasons a wealth tax is about the last thing they'd dream of trying right now.
  • #5
  • Jul 15, 2025 9:46am Jul 15, 2025 9:46am
GBPUSD is now in monthly corrective territory, should drop to 3142 at least before gov uk makes a decision on how to get out of the mess they are in , could be a wealth tax or could be tax increases of some sort at the oct budget or review.
Follow The Markets Structure - Patience and Discipline
  • #6
  • Jul 28, 2025 11:13am Jul 28, 2025 11:13am
Quoting pipfarm
GBPUSD is now in monthly corrective territory, should drop to 3142 at least before gov uk makes a decision on how to get out of the mess they are in , could be a wealth tax or could be tax increases of some sort at the oct budget or review.

It is on the way , massive profits from this swing down
Follow The Markets Structure - Patience and Discipline
  • #7
  • Jul 31, 2025 6:11am Jul 31, 2025 6:11am
Quoting pipfarm
GBPUSD is now in monthly corrective territory, should drop to 3142 at least before gov uk makes a decision on how to get out of the mess they are in , could be a wealth tax or could be tax increases of some sort at the oct budget or review.

Getting there rather quick so may have to revise the target to 2900
Follow The Markets Structure - Patience and Discipline
  • #8
  • Aug 1, 2025 2:53am Aug 1, 2025 2:53am
Quoting pipfarm
GBPUSD is now in monthly corrective territory, should drop to 3142 at least before gov uk makes a decision on how to get out of the mess they are in , could be a wealth tax or could be tax increases of some sort at the oct budget or review.


3142 hit lets see how much more his can give nearly 400 pips profit out of this , one of my biggest trades
Follow The Markets Structure - Patience and Discipline
  • #9
  • Last Post: Aug 13, 2025 5:14am Aug 13, 2025 5:14am
Quoting pipfarm
GBPUSD is now in monthly corrective territory, should drop to 3142 at least before gov uk makes a decision on how to get out of the mess they are in , could be a wealth tax or could be tax increases of some sort at the oct budget or review.
I only just noticed this. Fair play - that was an epic call from where we were.
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