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