Timeline
- Liquidity formed: local low 90.204 (left shoulder)
- Structural high 90.543 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 90.100 confirmed
- BOS: close above the structural high 90.543. Quasimodo confirmed
- Idea cancelled: Expired: price did not return to QML in the allotted time
Why this setup was found
First the market formed a local low 90.204 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 90.100, which is 0.1040 (0.42 ATR) below the left shoulder.
Then price closed above the previous structural high 90.543 (close 90.841). This is a bullish BOS: a break of structure.
The left shoulder zone (90.204–90.344) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 11%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 15m: bearish (against this idea).
Structure on 1h: bearish (against this idea).
On the break candle aggressive buyers dominated (54% of volume).
Result: the idea was cancelled.
This is a scenario built from market data, not a guarantee of the result.