This procedure is designed in a strange way if you ask me.
The depicted "holding" is in fact only part of the missed approach, as it is drawn in a dotted lign. A holding pattern would normally be drawn in a thin solid line and a racetrack in a thick solid line.
So for me this holding is no part of the initial procedure.
Furthermore that holding would be better positioned on the other side "north" because like this it never really alligns you with the approach.
What I would do when arriving to the NDB from ANGEE is to request maneuvering airspace to the west of the NDB at 2000 feet, slow down to holding speed and when passing the NDB proceed outbound on QDR 292 for 1 minute, then turn left towards the NDB, then proceed as published.
As the missed approach brings you in from there it should be clear of obstacles.
For comparison click here (
http://www.ebzw.be/KFPR.pdf) to download this approach as a Jeppesen chart.
Greetings, Bart