Fzo had a fake break out to the upside before being pushed down hard. Given the week that was, and FZO ia still abovw the 43ema, id look for a position not this week but the week after. This week should show a nice green candle for bullish continuation. If not, might need a few weeks to reset before pushing higher.
If you want to Buy in now use a stop loss at 37c, 1 pip below current 50ma.
If you want to Buy in now use a stop loss at 37c, 1 pip below current 50ma.
