nasdaq breakout trade

Here is a buy i taken today.

I noticed at market open this morning a squeeze, so marked up my sell side and buy side trend lines.

I then waited for a 5 minute candle close on the breakout for entry, which was a big engulfing candle with volume.

extra confirmation:
price holding above the 50EMA

stop loss was below the previous higher low (21 pips)
Target of 3:1 R&R resulting in a 65 pip gain.

3% winning trade to start the week.