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What is Euro €500 Bills and How Can Use It? 

Euro €500 Bills is a large denomination in a widely circulated and easily convertible currency. In the United States, the largest denomination is $100, after the Federal Reserve discontinued the $500, $1,000, $5,000 and $10,000 bills in 1969. Switzerland has a 1,000-franc note, worth about $1,050, but its supply is limited.

Is there a $500 dollar bill?

The €500 note is also more compact and convenient for evading the gaze of authorities. The equivalent of $1 million, in that high euro note, weighs about five pounds and fits in a small bag, according to a Harvard University study this year.

After the European Central Bank phases out the €500 note by the end of 2018, the next highest denomination will be €200. That same $1 million would weigh roughly two and half times.

The purple coloured 500 Euro note has a pretty infamous nickname, “Bin Laden”, as everyone knows it’s in circulation but rarely does someone come across it. It is estimated that there are around 53,00,64,413 Five-Hundred Euro notes going around, about 3% of the total Euro banknotes.

They are not accepted for everyday payments

Most shops and business institutions don’t accept payments in 500 Euro notes. They are legally allowed to refuse payments made in 500 Euro denomination. Thus having one might not be of much use to you in terms of paying for expenses during your euro trip.

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The Secret Patterns Behind the "Canadian Dollar vs Japanese Yen" That Most Traders Miss Meet the Triple Top: The Unwelcome Guest in Your CAD/JPY Trades Imagine you're hosting a dinner party—you've got the perfect setup, the finest hors d'oeuvres, and just as you think it's all going smoothly, an unwanted guest shows up. A triple top pattern in your Canadian Dollar Japanese Yen (CAD/JPY) trades is just that annoying, uninvited guest. It arrives not to enjoy your delicious snacks but to leave you questioning your trading decisions. Let's dive in and talk about how to recognize this ominous guest, so you don't end up eating stale trades for dinner. The "Triple Top" Pattern Explained (Without Boring You to Death) If you've ever mistook a triple top for just another market hiccup, you’re not alone. A triple top is essentially the market's equivalent of your friend consistently texting you, "almost there" but never showing up. The price hits resistance three times, giving false hope that it's finally going to make that big break. Instead, it rebounds each time, like a poorly scripted romantic comedy where the protagonist keeps running back to their ex. The CAD/JPY pair is notorious for faking out traders with this formation. It tempts you with a breakout that just never seems to happen, leaving you in a lurch. This pattern is your signal to tread carefully and adjust your strategy, ideally with a mix of contrarian thinking and advanced tactics that’ll have your trading rivals shaking their heads. Why the CAD/JPY Loves to Dance with the Triple Top The CAD/JPY is a complex relationship between two vastly different economies—Canada, the land of maple syrup and resource-driven economics, and Japan, known for its technology-driven exports and ultra-low interest rates. Picture it like trying to get a cowboy and a software engineer to agree on anything—there’s bound to be some back and forth. This pair often forms triple tops because of the differing nature of their economic drivers. Japan’s ultra-conservative monetary policy contrasts with Canada’s reliance on oil and natural resource prices. Whenever there’s a big oil price movement or a sudden shift in Japanese monetary policy, you’ll often find CAD/JPY attempting to break resistance, only to bounce back and forth like a hyperactive pinball machine. Spotting the Triple Top Before It Burns You (Hint: It’s All in the Candlesticks) Most traders miss the triple top because they don't pay attention to the buildup—like ignoring all the red flags before buying a suspiciously cheap used car. If you want to avoid the same fate, keep an eye on these telltale signs: - First Attempt at Resistance: The first push towards a new high is exciting. It’s like when you see an amazing deal for your favorite gadget online—you think, "This is it!" But caution is key here. The CAD/JPY often pulls back after this, so it's not the time to go all in. - Second High, Lower Momentum: The price reaches the same high, but with a notable decrease in trading volume. Think of it like when your partner asks you to take out the trash again—you’re less enthusiastic this time, and it shows. This lower momentum hints at weakening strength. - Third High, The False Breakout: If there’s a third push, that’s where it gets tricky. Retail traders often mistake this for the breakout. It’s the equivalent of the market saying, "Trust me, just one more try!" Spoiler: it usually doesn’t end well. Advanced Tactics to Stay Ahead of the CAD/JPY Triple Top - Divergence in Oscillators: Keep an eye on your RSI or MACD when the triple top forms. If these indicators are diverging—that is, showing lower highs while the price attempts to push through—it’s time to exit stage left. It’s a classic "something's fishy" moment that experienced traders swear by. - Volume Is Your Best Friend (Or Frenemy): Volume is often overlooked, but it’s one of the most reliable indicators for the triple top. If you see decreasing volume on each successive high, the market is running out of steam, like a marathoner who skipped breakfast. You don’t want to be left holding onto the CAD/JPY when it inevitably tumbles. - Use the "Retest and Reject" Strategy: Let the third high test the waters, but only enter short when you see a clear rejection candle. Think of it like taste-testing a potentially spoiled dish. You don’t dive right in—you test a little bit, and if it’s bad, you spit it out. Same with CAD/JPY; wait for the market to confirm before committing. How to Profit From the Triple Top When Others Are Losing Their Shirts Here's where we separate the pros from the amateurs. When the triple top finishes, the CAD/JPY typically has a big move downward, because all those traders who bet on the breakout are panicking and closing their positions. And yes, this is your cue to swoop in, like a savvy vulture in the Forex landscape. - Short After Break of Support: Once the price breaks below the neckline of the triple top, it’s time to short. Think of this as the point where everyone collectively realizes their mistake and starts to cut their losses. You want to capitalize on this moment of panic. - Set Your Target Strategically: The typical price target is the height of the formation projected downwards. It’s kind of like measuring how high your kid can jump and predicting how much energy they’ll lose in the process. Calculate the top to the neckline distance and use that to set a realistic take profit level. The Little-Known Tool That Makes All the Difference: Volume Profile One of the hidden gems in Forex trading, especially for patterns like the triple top, is the Volume Profile. It’s like reading the party mood—you can tell when everyone’s having a good time or when it’s time to leave. With CAD/JPY, a decreasing Volume Profile at each peak is a surefire signal that the party is winding down, and it's probably best to call it a night. Most Traders Get This Wrong: Don’t Be That Trader There's a common mistake many traders make: they see CAD/JPY bumping up against resistance again and again and decide it’s bound to break out, because "how many times can it fail?" This mindset is about as reliable as thinking, "Well, I've had five cups of coffee and nothing's happened yet—surely the sixth will help me sleep." Reality: patterns exist for a reason, and resisting the urge to keep betting against them is what separates an amateur from a seasoned pro. What Makes the CAD/JPY Triple Top Different From Others? The CAD/JPY is particularly volatile because of the differences between the economies of Canada and Japan. Oil prices can make the Canadian dollar soar, while Japanese interest rates try to anchor the Yen. This kind of back-and-forth creates the perfect storm for a triple top scenario—it’s almost like these two currencies love to mess with traders. When you see CAD/JPY nearing a triple top, remember the complexities of these economies at play, and don’t be afraid to step back and wait for confirmation before making a move. Need a Hand? We've Got Ninja-Level Tools for You Feeling overwhelmed with spotting triple tops in CAD/JPY? We've got you covered. Check out our Latest Economic Indicators and Forex News to stay on top of those pesky economic changes that move CAD/JPY like a yo-yo: Forex News Today. If you’re ready to take your trading to the next level, consider joining our community for expert analysis, daily alerts, and live trading insights that cut through the market noise: StarseedFX Community. The Triple Top The CAD/JPY triple top can be a serious profit sucker if you're not careful, but with a little strategy, humor, and the right tools, you can turn it into an opportunity. Remember to watch for divergence, track that volume, and stay alert during the third peak—because, like a good plot twist, it’s always coming when you least expect it. Keep your wits about you, and you’ll be the one laughing all the way to the bank while other traders are still scratching their heads. And hey, if you need a free trading plan to set those goals and dodge the common pitfalls? Grab one here: Free Trading Plan. Ready to put these tactics to the test? Share your experiences in the comments below or join our community for more ninja-level insights! —————– Image Credits: Cover image at the top is AI-generated   Read the full article

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