I like the two photos together up at the top- you did great with that (I tried and hated it on my page LOL). I really love how the color gradients on the background paper work with the slop of the banners across the page - it ties the whole page together!
Stunning take on the challenge. I love the photos and how you used the pennants. I love the layers and all the pretty clusters as well. Such a fun and happy layout. Love it!
