Timeline
- Liquidity formed: local low 1,066.4 (left shoulder)
- Structural high 1,073.3 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,065.7 confirmed
- BOS: close above the structural high 1073.3. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea cancelled: Close below the head (1065.7)
Why this setup was found
First the market formed a local low 1,066.4 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,065.7, which is 0.6400 (0.04 ATR) below the left shoulder.
Then price closed above the previous structural high 1,073.3 (close 1,076.8). This is a bullish BOS: a break of structure.
The left shoulder zone (1,066.4–1,068.2) became the QML level: price often returns here before continuing the move.
Filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle aggressive buyers dominated (52% of volume).
There was no absorption on the candle that returned to QML.
Result: the idea was cancelled.
This is a scenario built from market data, not a guarantee of the result.