Hedge against synthetic ' long' stock options Oil Search ...

I've been scaling into this daily chart, with an average price of 1.3207. I expect it will get back up to
1.3307 in the next week or so. It seems to correlate with a stockmarket correction of reasonable magnitude
so i will be out of stocks coming up to the election. I use the USDCAD as a hedge trade against stock position because OIL is speculative etc
I usually try getting into this kind of 'hedge' against my stock positions when I am in a fairly good profit ( I don't own the stocks, I have synthetic options positions such as bull put spreads etc - so close to options expiry 15 OCT, if i am in profit well and place this kind of hedge to 'lock in' profits without getting stung with options brokerage until expires....)