Yes, that would be the ideal device (P-channel enhancement mode MOSFET) for that circuit and that's the correct wiring. Though, when drawing circuit diagrams, it's always best whenever possible to keep positive connections along a top horizontal reference and negative connections along a bottom horizontal reference. Inputs should be on the left and outputs on the right. It's not imperative you draw schematics like that, but it's sort of an unwritten convention that makes them easier to read for others.