MAY 6.90% 3.1¢ melbana energy limited

Hi Phil yes I`ve also had an eye on that 087c (in a higher time...

  1. 14,699 Posts.
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    Hi Phil yes I`ve also had an eye on that 087c (in a higher time frame ) but I`ve found that once price breaks out, in the early stages intraday its safe to use the 62Fib resistance as the trigger to further highs providing there's also some obvious horizontal resistance there, that's why 085c,... as far as intraday time frames 15 min is my preferred, 10min is ok in a really strong market, 30min tends to take the trade over into the next day, but 15 min is just right for reading each days progress of a breakout. MAY 15 min.png
 
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