Gradient's parameters:
Take the same instrument and draw a wavy stripe colored with 998587.
Take the next instrument 
and draw another wavy stripe colored with a different color now – 837076.
The same instrument and the next wavy stripe.
Blending Options-Gradient Overlay
Gradient's parameters:
Select the usual tool now for representing another stripe of wavy shape, colored in F9E7E3.
The next instrument 
will help us to choose from the table below an appropriate cliché that will be inserted later in our picture. Choose that one accentuated with red color.
Represent now a heart figure colored in white.
Choosing the same instrument and the same cliché (the heart), represent one more figure – the heart.
Blending Options-Outer Glow
Blending Options-Gradient Overlay
Gradient's parameters:
Copy the new made layer and then apply Free Transform option to make it smaller a little, turn it around and place it exactly the way it is shown in the picture below.
