Timeline
- Liquidity formed: local low 0.006230 (left shoulder)
- Structural high 0.006421 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.006202 confirmed
- BOS: close above the structural high 0.006421. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 0.006421
Why this setup was found
First the market formed a local low 0.006230 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.006202, which is 0.00002800 (0.15 ATR) below the left shoulder.
Then price closed above the previous structural high 0.006421 (close 0.006457). This is a bullish BOS: a break of structure.
The left shoulder zone (0.006230–0.006287) became the QML level: price often returns here before continuing the move.
Partially filled bullish imbalance (FVG) overlaps QML by 19%.
There were equal lows nearby: they were what price hunted.
Structure on 4h: bullish (supports the idea).
On the break candle aggressive buyers dominated (55% of volume).
There was no absorption on the candle that returned to QML.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.