Here is a good example of harmonics in action. The bullish trend moved in two harmonic moves, the red and blue AB=CD harmonics. Notice the following AB=CD harmonic pattern is double the size of the previous pattern. The bearish trend is following the same pattern the grey, red and blue AB=CD harmonic patterns are doubling in size of the previous pattern. So, expect a large move to the downside{image}
I am not surprised to see your technical chart play out in harmonics! I agree with your perspective, of course anything is possible. As a newbie, I am building confidence in my basic charts.
Reading through posts - just stopping by. :-)
H4
Entry: 1.13626
SL: 1.13721
TP1: 1.13349
TP2: 1.12945
TP: 1.12732
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1.135x has been grazed quite a few times this past week (and late last week). I don't know about 1.08, but for the next couple of hours it's either to set a track for 1.133x or 1.14. You make a fair point with your 1.08 and 1.12x, but price is too far away for me to get concerned with just yet. I hope you get your trade though, good luck! 
