I must admit, I was expecting complete and utter newb match, but I was surprised.
Critique?
You really should not approach with din's fire. Not even when falco is off stage really because falco makes it back in to fast. and if he's far enough out for you to do Din's fire, your playing a possibly save him game. Just let him die, and hold the edge.
@:26 that spaced grab was pretty hawt not gonna lie. But after the upthrow you shoulda just went for a kick instead of a upsmash. Unless your playing the old version of smash, it's really way less reliable than just a kick or a regrab.
I saw a downthrow on falco at low percent. You should upthrow him, and chaingrab. However if he full DI's behind you at low% you'll have to instead try to dash attack him at 0% anyways. Remember the Grabbing time for grab is when falco is right above zelda's head.
Powershielding is a good habit to get into. Although you seem to be in the standing stage I was stuck in for a long long time. I couldn't powershield unless I stood still. which, when the falco gets smart, he can play with you all day. Keep up the good work, and try and get good at powershielding while moving. and Eventually the reflexes like Grabbing him while he's stunned by his own powershielding laser will come into play.
In the newer version of smash where Zelda's Smashes are escapable I tend to only use Upsmash out of shield to throw off shield pressure, or try and shield poke with it. I don't really use it to combo much because it's really unreliable. You should Naryu's Love out of shield some. It throws off Falco's game a bit. Just jump and before you leave the ground out of shield Naryu's Love. Be weary of grabs.
Edgeguarding?
You have quite a bit of options vs Falco.
If Falco is trying to Illusion pass you, you can naryu's love, F-smash, Down-smash if he's low enough. Downsmash being the faster option, I use to use jab, but then realized It's really hard to follow up, although it can sometimes promp for a grab if you often dash attack after jab, and falco hits shield after the jab is done. After Jab, alot of people will either Shield, or background dodge, or try and hit you and ask for a kick to the face, unless they are really close of course.
If he Illusions to the edge, Downsmash, or Down-tilt. Downsmash is better, Probably a good idea to spam another downsmash or downtilt, right after you hit his illusion, just incase if he tech'd it and is illusioning again. If you d'tilt him and he doesn't grab the edge, you can run off and b-air him. If he up+B's near the edge just kick him. If he's up+B'ing far away, grab the edge, and stall if you need to rebuild invincibility frames. Hold it. If he goes straight at you for the edge. Just roll in right as he nears the edge. Rolling tells the edge your still there until your roll is done. If he some how get's on the edge barely, (Standing, not hanging.) Jump over with a nuetral-Lcanceled or a foot, or even a wave-land grab if you feel it could work.
I saw some shield grabbing after falco's Down-air, not a good idea. Especially if he fast fell it. You may get away with it if he isn't fast falling his down-air and he hit the top of your shield.
Best times to grab is after a dash attack on falco at 28%+ ish, After his Smashes, During a tech chase, or When you expect him to shield while your approaching. Shieldgrabbing is very limited vs Falco. IF pressure is one Nayru's love or upsmash out of shield can save you. Or a simple roll away. Don't get too carried away with rolling. or when you have sexy spacing like at :26.
For your falco friend, I suggest the following. More lasers, if they powershield alot start shining right after some of your shots. Learn how to do retreating reverse lasers. Where you tap over slightly then do a fast fall laser so you turn around. This way you can retreat and spam lasers.
Practice your technical skill on shields. Doing them in the open, and on shields can have different timings. Anytime you get a grab on Zelda, you should just downthrow and tech chase. Unless she's really high percent and you think you can punish her recovery.
Take a look at this, could give you some ideas. Not many Zelda falco vids out there.
He didn't laser too much, if you saw alot of the previous matches, you'd understand why the laser spam is minimal. Running+powershielding is win.
http://www.youtube.com/watch?v=l4SaHPyQst4
Other than that, your Zelda is pretty decent <3 Keep up the good work.