Timeline
- Liquidity formed: local low 1,057.5 (left shoulder)
- Structural high 1,059.6 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,057.2 confirmed
- BOS: close above the structural high 1059.6. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 1059.6
Why this setup was found
First the market formed a local low 1,057.5 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,057.2, which is 0.3700 (0.32 ATR) below the left shoulder.
Then price closed above the previous structural high 1,059.6 (close 1,060.1). This is a bullish BOS: a break of structure.
The left shoulder zone (1,057.5–1,058.1) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 60%: big players already built positions in this zone.
Filled bullish imbalance (FVG) overlaps QML by 11%.
Structure on 15m: bullish (supports the idea).
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (62% of volume).
There was absorption on the candle that returned to QML: big volume, aggressive flow against the move and a close with a bounce.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.