Truly Steve

Me at 3am getting my whole life in order, wanting to learn a new language and start exercising.

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GBP/USD drops to a fresh multi-month low below 1.2400 on Trump tariff news

💥US President-elect Trump is reportedly considering declaring a national economic emergency.
The Federal Reserve will publish the minutes of the December meeting.
From our Pivot Point analysis, we expected a move up to the third zone and it was correct.
The news was too aggressive and literally killed GBP.
Don't expect any signs of a reversal from Daily S3 this time as it was not good news for GBP.
⚠️We have to see what happens during the coming hours...

US President-elect Trump considering economic emergency declaration to allow for new tariff program – CNN

US President-elect. Donald Trump is considering declaring a national economic emergency to allow for a new tariff program, CNN reported, citing four sources familiar with the matter on Wednesday.
"The declaration would allow Trump to construct a new tariff program by using the International Economic Emergency Powers Act, known as “IEEPA,” which unilaterally authorizes a president to manage imports during a national emergency," the report read.

That is going to be my last trading week this year.
Because the trading month of December so far is still negative for me, it will be a nice challenge to finish this week and the month in profits.
🤜🤛

As always, all the best to you, traders!

: Classic Long From Support 🇬🇧🇺🇸

📈GBPUSD may pull back from a key daily horizontal support.

As a confirmation, I see a confirmed bullish breakout of a neckline
of a double bottom pattern on an hourly.

Goal - 1.2664
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Daily/1H time frames
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