I guess AUDUSD will continue to go south this week, but perhaps not immediately. Just like mentor always says, the shadow has to be formed first. Looking at 1H chart, Stochastic is going to turn up, so perhaps it will go up tomorrow, at least in the first few trading hours. 1/3 retracement of the Blue B is possible? Meaning can go up to 0.8299? Shall watch the price movement, I have no experience in making a guess. If the wave calculation is right, the immediate target of Blue C1 is 0.8159. White lines are what I labeled as the Chikou support line (note: I think it's my very subjective interpretation??). If price (and Chikou) breaks the support range ...ahem..."convincingly", it might go down "convincingly".
Looking at the weekly chart, price action is now in a thick cloud. Weekly EMA200 can be a resistance for both price and Chikou. In terms of price, the EMA200 is around Blue C1 target, while for Chikou, it's Red T wave target 0.7971. Don't expect the price to complete the bigger Red T wave so early in the week though.
Stop loss? Hm...a very big thing to decide. I think 0.8310? It's a little far from current price action, almost 100 pips! Why 8310? It's 1/3 retracement from current rally, and also a flat Kijun in 4H chart that might stop the Chikou from going up. I need to consult some opinions on this :D
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