This Correlation Hedging Strategy will help traders to decide how to perform hedging. Check this video for Detail Explanation.

https://video.drift.com/v/abm0fn4nhUg/

What is currency Correlation in foreign exchange trading?

A currency Correlation in Forex is a favorable or negative partnership in between 2 different money pairs. A favorable correlation indicates that 2 currency sets relocate tandem, and also a negative correlation implies that they move in opposite instructions.

Even if you perform Buy or Sell for Both Hedge Pair. One will Give you good profit and other pair will be close with Calculated Risk.
Check Below Video

https://d.tube/v/forexrobotrading11/e89je387gs4