I'm not an antenna expert, but the antenna you describe would be similar to a inverted V and also similar to a V beam (depending on length of the legs).
Others here probably have better info on this. But a V beam is a real antenna -- however, like most wire antennas, any directionality is dependent on frequency. So it may or may not exhibit directionality at 43 Meters. It depends on the length of the legs (and probably some other factors as well).
Higher probably is better, regardless of angle, at least for transmitting. The metal fence might interfere with transmitting, it may affect SWR. If it's underneath the wire, instead of in back of it, you may get better results.