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Q:

Where is the shift/transmission solonoid located and how many are there? on 1995 Ford Explorer

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The OD ON/OFF light blinks. Transmission won't shift from first to second gear.
(1) Answer
The solenoids are located inside the transmission pan. There could be a number of different solenoids on your transmission. This video will give you a very good idea of what it looks like.
http://www.youtube.com/watch?v=24gkmDDV0C8