Bulbophyllum radicans

Bulbophyllum radicans, commonly known as the striped pyjama orchid, is a species of epiphytic or lithophytic orchid with long, hanging stems with roots near the base and covered with brown, papery bracts which partially hide the pseudobulbs. Each pseudobulb has a single thin leaf. A single small pink, cream-coloured or yellow flower with red or purplish stripes is borne on a thin flowering stem that emerges from the base of the pseudobulb. This orchid grows on trees or rocks in or near rainforest in tropical North Queensland....read more on Wikipedia.