Timeline
- Liquidity formed: local low 1,358.2 (left shoulder)
- Structural high 1,367.5 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,357.3 confirmed
- BOS: close above the structural high 1367.5. Quasimodo confirmed
- Price is approaching QML
- Price is approaching QML
- Price entered the QML zone
- Idea cancelled: Close below the head (1357.3)
Why this setup was found
First the market formed a local low 1,358.2 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,357.3, which is 0.8500 (0.13 ATR) below the left shoulder.
Then price closed above the previous structural high 1,367.5 (close 1,368.8). This is a bullish BOS: a break of structure.
The left shoulder zone (1,358.2–1,360.1) became the QML level: price often returns here before continuing the move.
Partially filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 15m: bearish (against this idea).
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (78% 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.