When you're talking fashion, there are a lot of rules about color. No white after Labor Day. Black and brown clash. A lot of these rules have fallen by the wayside now that people dress a bit more bohemian, but for interior design, they've never really applied. You can be more liberal with the colors in your home. There's no doubt about it that red and pink clash, but if you mix them purposefully, it works!
I love the color pairing of these photos from stylist Olga Naiman. The solid red corner headboard and solid magenta bedspread on the left were very clearly designed to be used together, and it looks chic in a bold way. On the right, patterned and textured pinks and reds were mixed in a very playful manner. Since it's a low, lounge-y space, there's no need for those formal rules to apply. You'll see in both images that neutral colors were used on the walls and furniture; this tames the palette a bit. Mixing these colors also gives them a new association. On their own, pink is girly, while red is seductive. Together, they are lighthearted and fun. Try this at home!