Have you thought of breaking up your strategy in two strategies instead? It requires a little bit more observation and deliberation for you to break your theory/strategy into two strategies. I think it is "safer" this way because what if the price doesn't reversed and whatever you gained in one position is lost in another.
Hedging is a good tool if used appropriately. In my personal opinion (I'm not here to say it's the best way of using it, but sharing another perspective so to expand our views of different approaches) I would use hedging if I detect a strong trend (in H4 or D1) but during price reversal/resistance, I apply hedging for two purpose, 1. if the trend really changed direction, I protected my 1st position with this new hedging position. 2. If the trend didn't change but just a price correction and is ready to bounce back, I closed my hedging with profit and hence, hedging is taking the opportunity to make money both ways.
However, I won't use Hedging as the opening conditions in both ways, Long and short at the same time. Maybe if you share more of your trading plan/theory, I can see your perspectives, I may begin to appreciate and see the value behind this approach. Otherwise, I think sometimes hedging may be a sign of "fearing to take appropriate/calculated risk". A reflection that we are not gained the confidence in our trading theory/strategy.
I used to do that in my early days of trading...my balance sheet looks terrific with 40 consecutive gains, but that's not the big picture...because with every gained, I've a floating lost (due to hedging) and eventually minus off the gain.
Now coming back to your strategy. I was thinking whether you can break into two and that requires you to be able to spot the bigger/stronger trend (in H1, H4 or D1) and find the starting point of entry. And the second strategy is to use support and resistance to capture the price reversal. In this way you have 2 separate strategies yet capturing two potential gain from a big wave.
This just my personal sharing, not an expert point of view...food for thoughts and expansion of perspective. Take it with a pinch of salt