Sure it will fly! Do rockets fly? Well, if the answer is yes, then that is the trajectory that will work, gravity aligned with the flight direction - up. Get it up to mock 3 and it will fly regardless of the CG. This I've got to see
Level flight will require balancing on the surface of lift. Is the motor attached in the photos? If not, I suggest using a 8 cm (or so) motor mount to get the weight way back. Sure it will look unreal, but it will fly, if the CG is placed properly.