Carved almost like a rocking horse, but left standing on its own.
The colors you chose look boring; you should hue-shift them. I also suggest you up the contrast a bit since it looks kind of flat. And you should choose a single light source; your light here looks incosistent, apearing as if it's coming from the upper left corner, upper right corner and near the bottom left corner all at the same time IMO.
Also, the way you positioned those legs makes them look like they're not giving any support to the wooden animal. Basically, the body is positioned further back compared to its feet, and it feels like it's gonna fall down onto its backside any second.
I hope this helps!