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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
it has a black cover on it, if you look directly behind the upper intake manifold you will see the harness is slit into two and it is comming right out the middle
I can't really see what wire you mean because i don't see any red wires that appear to be loose. But this may help some. I figure one of these should work. May be able to help more if I could see what wire you mean.