FCX, NUE

**Edited: The chart should read 'Bearish Engulfing' and not bullish engulfing. 

NUE was from the scanner.  8th candle was a bearish engulfing candle on high volume. Entered short on the break of the 7th bar low. Price dropped a little and then consolildated for another leg down.  I was watching how the price would react at 20 EMA. There was no bounce at 20EMA and so I set my target PDH. Markets were weak and that also helped to reach the target smoothly.


FCX was weak and the first 3 candles saw selling followed by some retracement on low volume. It formed a red hanging man followed by a weak inside bar. The entry was the handle of C&H. Covered entire position at 50% FE of C&H.  Left a lot on the table but I sticked to my plan.