Glad you didn't trash it
I can see why it may not have been your favorite work, but with a bit of touching up, you could make it a really great song. It's already pretty good, but there were a few things I think could be improved upon.
Just to get the negative out of the way first, I personally didn't really like the guitar loop in the background. Something about it just didn't fit. Also the song was only two chords repeated over and over. With more cords, there can be more variation in backgrounds or melody.
But I liked a lot of it too. The melody was soft, but you could make out what was going on. It provoked a lot imagery for me which always a major plus. It wasn't too complicated either like a lot of what I hear nowadays. I also heard some sort of subtle effect in the background. It may not have been loud but complemented the rest of the instruments very well.
Overall I thought it was very soothing, relaxing song with a few minor touch ups, it could be close to perfection. Excellent work!