GBPCAD The Fish Hook: Buyers Ready to Reel it in?

[cryptohog]

After a sharp drop, sellers began losing momentum, notice how the candles started to flatten out near the bottom, showing exhaustion.
Then, we see buyers are starting to step in, creating a rounded base, this forms the hook of the pattern.

The real shift happens if price snaps with strength above short-term resistance, trapping late sellers and signaling the start of a potential bullish reversal.
If this happens, such a sudden shift would start a strong continuation move, with targets aiming toward 1.87330.

[Rimon Khan]

GBP showing classic reversal structure — fish hook pattern looks promising. 🪝

[Abdul Khan]

If volume confirms, this could be the pullback everyone’s been waiting for.