chronodevourer

Let the printing begin!!! LULA

Long
chronodevourer Updated   
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
The charts never lie.
The Law of Large Numbers, by Jacob Bernoulli, defends that we can accurately predict an event when we utilise large numbers.
This chart has a precise bull flag formation that has been forming way before the election results.
Now we have the Brazilian people's decision, LULA has "won" and the left is back in power.
From my point of view, it is a disastrous moment for the country, LULA has numerous cases of very, I mean, extensive systemic corruption in his back.
Now he will have to deal with the current worldwide recession.
The printing will be massive.

This is the confirmation for the bull flag breakout.
Comment:
200 Billion bill incoming....
Comment:
I am not your daddy, not even your FA...so go do something better with your time.
Comment:
Even though the dollar had a tremendous run against the majority of other currencies, some of them still have delayed retracement as the printing is still going on in lots of other countries, E.g. Brazil, the new government is already pleading the congress, for R$200 billion, out of thin air, just to start the government in January. This is most likely to happen everywhere in the world.

A considerable amount of current democratic countries' leaders have been impacted by the covid/economic crises, and those running for reelection will suffer that impact, leaving two ways to solve the problem: They print to keep themselves in power or the new government print to show "change" "establish power". (One may say: "they don't print to have a good economic policy" hahaha really?)

In an unstable macro environment, the government is the last one to even think about responsible economic management.

Let the print begin!!!

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