GBP/USD Buy at market
GBP/USD chart
Levels
- Entry
- 1.33593 zone 1.33577 to 1.33609
- Stop loss
- 1.33351 24.2 pips from entry
- Target 1
- 1.33835 not reached
- Target 2
- 1.34076 not reached
- Target 3
- 1.34318 not reached
- Filled
- 1.33592 6 Nov, 14:01 UTC
One third of the trade closes at each target, and the stop moves to the entry after target 1.
Why this trade
This is a mechanical buy signal generated by a Bollinger Band fade strategy, triggering because the 1-hour candle closed at 1.33573, below the lower band, with RSI oversold at 21. However, the strategy has a historically poor tested record across major assets, including a profit factor of just 0.8. In the current market, GBP/USD is plunging with strong downward momentum, having dropped over 90 pips today to trade well below the daily S3 pivot. The trade targets a 1R bounce to 1.33835 but risks being stopped out at 1.33351 if the heavy selling continues toward the 1.335 round number.
ChartPrice structure on the chart: trend, levels, volatility.
About the strategy: Bollinger Band fade
Bollinger Band strategies are the second most starred family in our Pine library (99 scripts, 6,061 stars; for example Bollinger Bands Winner). On 1-hour bars, buy at market when price closes below the lower band (20, 2) with RSI 14 under 30, and sell when it closes above the upper band with RSI over 70. Stop 1.5 ATR, targets 1R, 2R and 3R; the rest closes back at the middle band.
Caveat: Average per trade across the 11 instruments tested (7 FX majors, gold, silver, Bitcoin, Ether), costs included. Lost in every year on average; positive on only 2 of 11 instruments (AUD/USD +0.04R). Not tested on WTI or the Nasdaq 100.
The idea, explained: Bollinger Bands
Timeline
- Entry filled 1.33592
- Signal published 1.33566
- Reason added
- Confidence scored Score 35
Proof it was not edited
When this signal was published, its fixed fields were written to a record and fingerprinted with SHA-256. The fingerprint also contains the one before it, so a change anywhere breaks the chain. You can check it in your browser.
- Hash
- 61f1279b5ffdb4d09ba2d0f1d56e07125b771838c0e80028d4befce57a110026
- Previous hash
- c6fa11a19883bb353f78d93b645dcdcc6a97f9fff9f197c391f76f6cae7ef74f
Show the signed record
{"v":2,"symbol":"GBPUSD","side":"buy","order_type":"market","timeframe":"1h","strategy":"pop_bb_fade_1h","source":"data","oco_group":null,"entry":"1.33593","zone_lo":"1.33577","zone_hi":"1.33609","sl":"1.33351","tp1":"1.33835","tp2":"1.34076","tp3":"1.34318","created_at":"2026-11-06T14:01:01Z","expires_at":"2026-11-06T14:16:01Z","max_close_at":"2026-11-07T23:52:01Z","risk":"high","prev_hash":"c6fa11a19883bb353f78d93b645dcdcc6a97f9fff9f197c391f76f6cae7ef74f"}
Risk High Risk
- Track record: flagged
Its rule was not profitable after costs in every period we tested.
- Type of trading: passed
Intraday trade, not a scalping or news trade.
- News: flagged
A high-impact release is due while the order waits or early in the trade: Michigan Consumer Sentiment Index on 6 Nov at 15:00 UTC.
- Costs: passed
The spread is a small share of the stop distance (under 10%).
High Risk means at least one check flagged this trade. Size it smaller, or skip it if you only follow Cautious signals. The tag was set when the signal was published and is part of its signed record.
Copy the prices
Place it yourself in your own platform. This is a practice signal, not advice. How to copy a signal
- SymbolGBPUSD
- OrderBUY AT MARKET
- Entry1.33593
- Stop loss1.33351
- TP11.33835
- TP21.34076
- TP31.34318
This trade is already live. A new entry now would not match the published one.
Open in your platform
This trade is already live, so there is no order to place at the published entry. You can still follow it on your chart.
- Open the chart in TradingViewTradingView has no link that fills an order. Open the chart, then add the levels with the Pine Script below.
- Paste it into TradingView’s Pine Editor and click Add to chart: the entry zone, stop and three targets appear on your own chart.
Position size
lots
Lots = amount you risk, divided by the loss if the stop is hit. Contract sizes: forex pairs 100,000 units per lot, gold 100 oz, Bitcoin and Ether 1 coin, WTI crude 1,000 barrels, US100 1 per index point. Brokers differ, so check yours and adjust the contract size. Rounded down to 0.01. Position sizing explained
Confidence
The tested strategy has a consistent losing record, and price is plunging below S3 with strong downward momentum and no immediate support.
Not enough closed signals scored 30-39 yet (16 of 20 needed), so there is no measured hit rate to show.
Confidence is a score from 0 to 100 given by an AI model. It is checked against how signals in the same band really ended, so treat the measured rate as the evidence, not the score. Reading a track record