Well I haven't run through the numbers, but theoretically it seems possible.
The electric field at whatever point is what would act on an imagined point positive charge, so with that in mind:
You have q1 pulling the charge left, and q3 pushing it also left. q2 has no horizontal affect.
Then you've done the nice Pythagoras stuff and found that q1 pulls the charge down, but q2 and q3 push it upwards. Since q2 + q3 have a greater magnitude than q1, they will win.
Pythagoras-ing horizontal and vertical components gives your perfectly depicted arrow, and a magnitude that agrees in sign with this hand waving argument.
Was there something you didn't understand?