Nested IF and

I trying to use to create a sheet that I will use to determine the status by comparing 2 status and then give an answer the e.g. If the status1 is low and status 2 is low the actual status should be low, I used the following IF/AND Statement and it worked fine:

=IF(AND([Status1]3 = "Low"; [Status2]3 = "Low"); "Low"; " ")

 

But now if I try to nest another I/AND statement like below, I get 

=IF(AND([Status1]1 = "Low"; [Status2]1 = "Low"); "Low"; " "; IF(AND([Status1]1 = "High"; [Status2]1 = "High"); "High"; " "))

I Get #INCORRECT ARGUMENT SET.

Please assist what wrong with my formula.

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