The water looks good, but I agree, you might play around with it some more, but you are definitely on the right track...

The left side hill looks as if it fades 'over' the trees... I'm somewhat colorblind and this might be one of those little tricks of the eye for me personally. I personally like my trees to be defined more or less. The faded look always appears as if someone used an eraser on a map... this of course is just a personal preference ...

If this is a true fjord, as in very steep cliffs along the bank of the inlet, It needs some more definition, as it just looks like a small brownish coastline ... perahps a harder bevel...

Looking forward to seeing this come to full bloom