XAUUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:30 UTC · forecast for XAUUSDTTimeline
- Liquidity formed: local low 4,124.3 (left shoulder)
- Structural high 4,129.4 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 4,117.9 confirmed
- CHoCH: close above the structural high 4129.4. Quasimodo confirmed
Why this setup was found
First the market formed a local low 4,124.3 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 4,117.9, which is 6.480 (1.02 ATR) below the left shoulder.
Then price closed above the previous structural high 4,129.4 (close 4,137.6). This is a bullish CHoCH: a change of market character.
The left shoulder zone (4,124.3–4,125.7) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 100%: big players already built positions in this zone.
Filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (58% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.