Disliked{quote} try that long time ago.....it is just an illusion (cannot be explained with a couple of words) and you are paying double the spread...Ignored
For that exact same reason 99.999999% of trades will be simultaneously winners or losers (eventually). What we're doing every time we place a trade is attempting to take advantage of the market's inefficiency.
In order to hedge properly you need to have a 3rd currency lined up in relation to your original pair that can capitalize on the adverse move. So, in this case for instance, where the EUR is rallying; You'd want to be buying something like EUR/JPY if the Yen is about to weaken by having pending buy orders on EUR/JPY instead of stops on EUR/USD.(and it's pretty strong on the 4h but not quite ripe for turning IMHO... judging by USD/JPY). Then, if the Yen started to strengthen, you'd probably want to have pending sell orders on USD/JPY. Triangular arbitrage through hedging is usually the easiest to execute.
"The fun is in the hunt. Not the kill."