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Why is a Bull trap called a trap?

It is called a trap because it often catches traders off-guard, and comes on the back of a strong market rally that looked likely to continue. Bull traps are characterised by a trader or investor buying an asset as it breaks through a historically high level of resistance.

What are the characteristics of bull traps?

A significant characteristic of bull traps is the phenomenon of false breakouts. These occur when the price of an asset moves above a resistance level (the price level which the asset has difficulty moving beyond) but then falls back below it.

Are bull traps profitable?

Practice Now ›› Risk-Free Demo Account Bull trap patterns are known to lure traders into taking risky trades that almost always end in losses. As such, many traders shiver when they hear the phrase being mentioned. However, by understanding how bull traps form and what they mean, they can become profitable setups.

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