Catch event in workflow (create, delete)

Hi,
I'd like to create a workflow that triggers on both delete as create of a record:

Is there any way in which I can identity what event triggered the workflow? I've seen solutions in which the createdon and modifiedon attributes are compared, but that won't work, since those will stay the same until deletion (not much happening in this entity). For maintenance purposes I would really like to refrain from creating two seperate flows.

Any thoughts?

Thanks in advance,
best regards
Jeroen