Nice graphics! Especially your overworld art, really creates the atmosphere. Add the music you have and you really feel like you're a knight on an epic quest!
For improvement, I think the controls and the combat system could be improved. Like the other commenter, having diagonal attacks would just make it feel more intuitive and less clunky. Also, I suggest that you add WASD controls in addition to the arrow keys :D
imagine playing on a laptop with a trackpad.. You can either use your trackpad left-handed or cross your hands over to use the arrows with your left and the mouse with your right. Neither of which is very comfortable. There also doesn't appear to be any directional information coming from the mouse, so do you need to tie actions to clicking rather than keys? Especially as tying blocking to right click makes it very hard to use on macs, where right clicking is not particularly game-friendly.