I think it's good. I'm also assuming a view from the knob.
But if you check the schematic, you'll probably find the ground pin, which makes things more clear.
Btw, you can , instead of soldering the three wires, use a connector strip . Or similar.
I use them alot. I like to be able to fix my wire messes in 5s if things go wrong, if it's not the right order, or the cable isn't the right lenght.