FX:GBPUSD   British Pound / U.S. Dollar
115 2
15. Shake out: A wide spreade bar closing at the middle of the bar with high volume , this bar shake out all the weak holders after the down trend, and it is confirmed with the next up bar.

16. Supply coming in: A wide spread up bar closing near the lows with high volume , this bar mark where is the supply at this level. It is not confirmed because the next bar is a down bar, but, this bar got high-ultra high volume closing near the highs.

17. Test: Average spread up bar, closing at the highs, with low volume , with the next bar up. but, with low volume too, so, may you need a further SOS to confirm the demand present at this level, seen in the shake out at the background.

18. Bottom reversal o reversal in two bars: The first bar is a wide spread down bar closing at the lows with average volume followed by a up bar wide spread closing near the highs with high volume , this signal confirms the demand seen at the backgound in the shake out and the failed test.

19. Supply coming in: Up bar with ultra wide spread, closing at the middle of the bar, with ultra high volume , this bar is seen in a zone of distribution but is not confirmed yet.

You need to wait for a confirmation to open a postiion in this timeframe, for me, i will be in the 5M, 15M timeframe waiting for a no supply-test and a possible long to the 1.33817 level.

If i see a confirmaiton of the supply present at the 4H timeframe, i will wait to open a short position.

This methodology is called VSA . Im not a expert, so dont take my analysis to base of a trade.
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