Make four copies of the made circle that has the color #FFAF38 and make also four copies of the green circle. When alternating the circles’ copies, it’s possible to make them look like in the picture below:



Select Add a Mask option for the last green circle and make a mouse click on the layers’ panel. Use next a standard brush of black color to paint the zone where the green circle borders with the first made circle.

 



Press Alt button and make a mouse click between the layer containing the Christmas garland and the layers containing the circles’ copies for the circles to be applied in the limits of the garland’s edges.

 



Make a copy of the recently made layer of the garland (of white color). Using the Free Transform selection, it’s possible to make the copy smaller, applying for it the color #FF6800.



The layer’s parameters: Blending Options>Outer Glow



Blending Options>Stroke

 



Represent now a highlight on the Christmas garland, selecting the Ellipse Tool (U).



The layer’s parameters: Fill 0%
Blending Options>Outer Glow



Blending Options>Inner Glow