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Bixley

Recovery for the Pound GBPUSD

British Pound / U.S. Dollar (FX:GBPUSD)  
Bixley  
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns GBPUSD pound
2
2
chartpattern gbpusd pound
On this timeframe the pound can be seen breaking bearishly out of a falling wedge
The falling wedge is normally considered a bullish pattern , hence why I am considering this bearish breakout a bear trap on this timeframe
I see the pound recovering back into the falling wedge and then completing a breakout upwards as shown by the bars pattern placed
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