Since 12 o'clock is straight ahead at zero degrees, and 3 o'clock would be 90 degrees, it would follow that 2 o'clock would be 60 degrees off your nose. A right wind correction of 20 degrees would have you pointed toward the traffic, so looking 40 degrees to the right of the nose in this case should have you scanning the right area of sky. On the other hand, you didn't tell us your magnetic heading, so the southbound traffic could be crossing from left to right if you were tracking east, or on a converging course if you were flying northerly, for example. Further, the tower didn't say at what altitude the traffic was flying, so spotting it at all might be impossible, especially at 5 miles. Sooooo...... either way, about 40 degrees to the right of your nose, somewhere between Heaven and Hell, there's another aircraft. And it's southbound.