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this harness goes to coil and the white and red stripe wire goes to oil pressure sending unit and red & white stripe wire goes to temp sending unit correct me if I'm wrong.
Correct. But man oh man, is that coil wire faded! Was originally Red w/green stripe, but it's seen better days.
I know that means to check them for pliability and resistance, but just faded colors does not automatically doom a wire. Some wire batches were more fade-prone than others I've noticed, and some environments were worse than others.
I've seen otherwise perfectly fine looking wires with brilliant colors fail because they were totally brittle and the conductors were toast too. Glad to hear that yours seem to be in good shape.
And good too that you labeled them!