You can adjust your formation using drag-and-drop mechanics.
Simply tap and hold the player card you want to move. Once you do, available positions on the pitch will highlight. Drag the player to your desired spot and release to place them.
In League Dash mode, if you want to change the formation after starting, tap the "Make Change" button first.
In Versus Mode, you can change the formation before the match starts or during halftime break.