week15 AUDUSD h4 cup and handle

h4

Recently been noticing cup and handle patterns.

However, there are some pre-condition before I wish to see validity in AUDUSD cup and handle.

1) If it is in uptrend, I can use it as a trend continuation pattern.
In this case for AUDUSD, week by week it has been moving up.

week15 AUDUSD h4 uptrend 080414

Still at h4 but on close up, a cup and handle pattern can be seen.

week15 AUDUSD h4 cup and handle 080414

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