Timeline
- Liquidity formed: local low 0.09273 (left shoulder)
- Structural high 0.09291 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.09269 confirmed
- BOS: close above the structural high 0.09291. Quasimodo confirmed
- Price is approaching QML
- Idea cancelled: Close below the head (0.09269)
Why this setup was found
First the market formed a local low 0.09273 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.09269, which is 0.00004000 (0.42 ATR) below the left shoulder.
Then price closed above the previous structural high 0.09291 (close 0.09292). This is a bullish BOS: a break of structure.
The left shoulder zone (0.09273–0.09278) became the QML level: price often returns here before continuing the move.
Structure on 15m: bearish (against this idea).
Structure on 1h: bearish (against this idea).
On the break candle the aggressive flow went against the break (45% of volume).
Result: the idea was cancelled.
This is a scenario built from market data, not a guarantee of the result.