Saiftauheed, let me suggest that in publishing your pic, rather in hitting "print screen, you can go to "file" > "save as picture". I noticed you have MT4, which is the platform I use. This way you won't publish all the personal information from your computer and your trading platform. Some people might disagree with me, but I don't think it is a good idea to publish personal information concerning your live account and what you have up on your personal computer.
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As an analogy, you are using a microscope to determine what is happening in the big picture. Your 0% line cannot be seen on this TF. If you pull back to the daily, then you can get a better idea of what is really happening.
If you draw the line from the dip to the peak, then your assumption is that you are in an uptrend, and you are waiting for the retracement in the uptrend to complete itself before it continues. Thus, you would look for the perfect correction at 61.8%, and then look for an entry.
If my assumption is correct, then we are headed lower, so if I traded using Fibos and TL's, then I would be looking for an entry around the falling TL, as per my chart (BTW, I prefer your provider. Can you tell me how to post a pic in using them?), and the 50% Fibo.
If we are in an uptrend, then look for the falling TL to be broken, and then a correction back to it, then look to enter around the point it broke the TL, but after it corrects. In essence, if you look for a short around the falling TL, then you would have a low risk, small stop short entry, if you are wrong, then your short is taken out, and then you would have a low risk, small stop long.
If the TL is broken, then things will, at the least, get consolidative above it, and then your Fibos would need to be redrawn.
Also, be cognizant of the type of trade you want to enter, whether it be day, swing, or position. When you ask me how your TL's are drawn, I would answer they are drawn correctly, but I still did not really your question. This is because they are drawn on the hourly, which is showing at least an intraday downtrend, but the Fibos are drawn off of higher levels (It's evidenced by the fact the lower level is not on the map.), and by virtue of them being drawn from dip to peak, you are telling me we are in a short term uptrend. In essence the signals are confusing, which voids the effect of the Fibos.
Keep in mind that the above scenario could still play out, inasmuch that if the upper TL on your chart is broken, then we are in for an intraday trend switch, and then the question becomes, "Are we now in for a longer term UP, or a correction within the total longer term picture?"
Another thing that could be helpful for you if you plan on continuing to use Fibos is to draw a peak to dip and a dip to peak Fibo on the hourly, 4-hour, daily, weekly, and monthly, and then observe the price actions on the TF's. Your oscillator can also be of a benefit in predetermining price actions relative to the different TF's.
Watch for momentum, as it can be very helpful in determining where price action is going to head in the future. Let's say a market has a huge collapse at the end of a trend (TF does not matter.), then the trend reverses, but it takes 3 candles to make up for the ground of one candle from the collapse. Chances are the move is only corrective by nature. The thing to do there is scope down, draw your Fibos, and the TL, look for the confluence, then enter in the same direction of the collapse. Chances are a new low will be made. A look at the recent activity on the Swiss Franc will bear that out.
Also, if the market's trend has already begun, then it goes east (sideways), most likely the next strong move will be in the same direction upon arrival before the eastward motion. The thing to do in a case like that is draw your upper and lower channel lines, enter at the opposite end of the trend, but in the same direction of the trend, then you could even add to the position once the opposite channel is broken.
Having said all that, it looks like you are doing a good job in drawing your TL's and your Fibos. It also seems to me you have a grasp of your oscillator. You could have all that down pat, but unless you understand the introspections of the trends, and the trends within the trends, and even the respective corrections, then everything you learned about Fibos and TL's could be for naught.
Here's one more point just for good measure. "The proper perspective of the markets and how they work does not sell e-books, but it does put money in your pocket consistently" That is just one of 4xpipcounter's quotes. Believe me, it is true.
You're doing a good job, so just keep up with your studies.
May I share what appears to be a factitious comment? It has been 9 days since Vicky made her appearance. I wonder if she thinks your thread is redundant now. It sure is getting a lot of traffic.
ok sir thank you , i am still in doubt about the fibo lines like if it is holding at 38.2 or 50.0 what does it indicate??for scalping sir WHICH TIMEFRAME CHART SHOULD I USE Like 1 hour or 4 hour chart because i want to draw the trendline. SIR PLEASE LOOK AT MY 1 HOUR CHART AND TELL ME IF THE TL IS OK OR NOT??
YOU WILL SEE THAT I HAVE PLACED THE FIBO LEVEL FROM THE 11TH JULY WHEN IT STARTED TRENDING UP TILL 26TH JULY WHEN THE UPTREND COMPLETELY REVERSED AND STARTED GOING DOWN.. NOW IT IS CURRENTLY HOLDING AT 38.2 FIBO LEVEL, NOW FROM HERE HOW DO YOU PREDICT THAT WILL IT GO UP OR DOWN! ITS CONFUSING ! and also if you look at the whole chart i think the pair is moving in the form of DESCENDING TRIANGLE . the resistance according to me i see at R3=1.4365 R2= 1.4450 AND R3 =1.4530 (which is the 100 ext of fibo) I am sorry if i got wrong somewhere on in the charts please correct me! 
